Multiple Choice
Suppose the market has two firms, and market demand is p = 200 - 4y. The cost functions for all firms are C(yi) = 600 + 30yi. The profit for each firm if they collude is:
A) 303.125.
B) 103.125.
C) 403.125.
D) 203.125.
Correct Answer:
Verified
Correct Answer:
Verified
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