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Title: There are only two firms in an industry with demand curves q1 = 30 - P and q2 = 30 - P. Both have no ... Post by: Tbreland05 on Nov 24, 2018 There are only two firms in an industry with demand curves q1 = 30 - P and q2 = 30 - P. Both have no fixed costs and each has a marginal cost of 10 per unit produced. If they behave as profit-maximizing price takers, each produces 10 units and sells them at a price of 10 so that each firm makes zero economic profits. If they form a cartel, their inverse demand curve is
A) Q = 30 - P. B) Q = 60 - 2P. C) P = 60 - 2Q. D) P = 30 - Q/2. Title: There are only two firms in an industry with demand curves q1 = 30 - P and q2 = 30 - P. Both have no ... Post by: UnRaquel on Nov 24, 2018 Content hidden
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