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Figure 1 -Refer to Figure 1

Question 16

Multiple Choice

Figure 1  Price  Quantity 60510004200033000240001500006000\begin{array}{|c|c|}\hline \text { Price } & \text { Quantity } \\\hline € 6 & 0 \\\hline 5 & 1000 \\\hline 4 & 2000 \\\hline 3 & 3000 \\\hline 2 & 4000 \\\hline 1 & 5000 \\\hline 0 & 6000 \\\hline\end{array}
-Refer to Figure 1. If the duopolists are unable to collude, how much profit will each earn when the market reaches a Nash equilibrium?


A) €8,000
B) €9,000
C) €2,500
D) €4,000
E) €4,500

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