Firm Y Follows Firm X Firm Y Doesn T Follow Firm X Firm Z Follows Firm X Firm Y

/in /by

Firm Y follows Firm XFirm Y doesn’t followFirm XFirm Z follows Firm XFirm Y makes $500 , 000Firm Y makes $800 , 000Firm Z makes $500 , 000Firm Z makes $ 200 , 000Firm Z doesn’t followFirm Y makes $ 200 , 000Firm X makes $300 , 000Firm XFirm Z makes $800 , 000Firm Y makes $300 , 000The industry is made up of firms X , Y and Z . Cost remains the same and firm Xraises price .@ Firms Y and Z will both follow Firm X and raise price according to joint profitmaximization .O Firm Y will follow Firm X and Firm Z won’t according to joint profit maximization .O Firm Z will follow Firm X and Firm Y won’t according to joint profit maximization .O Firms Y and Z will both not follow firm X according to joint profit maximization .