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There are only two firms in an industry with demand curves q1 = 30 - P and q2 = 30 - P. Both have no ...

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There are only two firms in an industry with demand curves q1 = 30 - P and q2 = 30 - P. Both have no ...

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.

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Microeconomics

Edition: 8^th

Author: Perloff

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UnRaquel

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More solutions for this book are available here

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this is exactly what I needed

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