Refer to the information provided in Figure 13.4 below to answer the question(s) that follow.  Figure 13.4Refer to Figure 13.4. If this firm produces the profit-maximizing quantity and sells it at the profit-maximizing price, the firm's ________ will be $88.

If knowledge possessed by one party in a financial transaction is not known to the other party, ________ exists

A) fraud B) asymmetric information C) disintermediation D) no financial intermediation

"If firms in an oligopoly enter into a collusive agreement to operate as a monopoly, the industry produces the most output and if they operate as perfect competitors, the industry produces the least output

" Is the previous statement correct or incorrect? Why?