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Market Demand Is Given by P = 15 - Q

Question 57

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 profits to the defecting firm are:


A) 20..
B) 26.
C) 22.
D) 24.

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