consider the iron ore production industry and assume

consider the iron ore production industry and assume that there are just two producers. Both of firms are identical in terms of their production cost, if the two firms can cooperate, what should they do to maximize industry profits? how does your answer change if price discrimination is feasible? or the two firms have different costs of production?

consider the iron ore production industry and assume

consider the iron ore production industry and assume that there are just two producers. Both of firms are identical in terms of their production cost, if the two firms can cooperate, what should they do to maximize industry profits? how does your answer change if price discrimination is feasible? or the two firms have different costs of production?