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Table 17-10 The Table Shows the Demand Schedule for a Particular Product

Question 321

Multiple Choice

Table 17-10
The table shows the demand schedule for a particular product. Table 17-10 The table shows the demand schedule for a particular product. -Refer to Table 17-10. Suppose the market for this product is served by two firms who have formed a cartel and are colluding to set the price and quantity in this market. If the marginal cost to produce this product is constant at $40 per unit, then what price will the cartel set in this market? A) $40 B) $50 C) $60 D) $70
-Refer to Table 17-10. Suppose the market for this product is served by two firms who have formed a cartel and are colluding to set the price and quantity in this market. If the marginal cost to produce this product is constant at $40 per unit, then what price will the cartel set in this market?


A) $40
B) $50
C) $60
D) $70

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