34. which of the following statements is correct? a. if oligopolists successfully collude, then their combined output will be equal to the output that would be observed if the market were a monopoly. b. although the logic of self-interest decreases a oligpoly’s price below the monopoly price, it does not push the duopolists to reach the competitive price. c. although the logic of self-interest increases a oligopoly’s level of output above the monopoly level, it does not push the oligopolists to reach the competitive level. d. all of the above are correct.

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?