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Table 17-11 Only Two Firms, ABC and XYZ, Sell a Particular Product

Question 156

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Table 17-11
Only two firms, ABC and XYZ, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $8 and zero fixed cost. Table 17-11 Only two firms, ABC and XYZ, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $8 and zero fixed cost.   -Refer to Table 17-11. If ABC and XYZ operate to jointly maximize profits, then what quantity is sold? A) 25 B) 30 C) 35 D) 40
-Refer to Table 17-11. If ABC and XYZ operate to jointly maximize profits, then what quantity is sold?


A) 25
B) 30
C) 35
D) 40

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