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Market Demand Is Given by P = 15 - Q

Question 25

Multiple Choice

Market demand is given by P = 15 - Q. There are two firms, each with TC = 0.5qi2. If one firm honors the cartel agreement while the other firm defects, the total output produced by both firms is:


A) 5.
B) 9.
C) 3.
D) 7.

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