Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?

A. 2 million barrels per day, $100, $60 million

B. 6 million barrels per day, $60, $60 million

C. 4 million barrels per day, $80, $160 million

D. 8 million barrels per day, $40, $20 million

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