Table 17-3
the Table Shows the Demand Schedule for a Particular

Multiple Choice

Table 17-3
The table shows the demand schedule for a particular product.
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$$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Quantity Demanded } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Price } \\\text { (Dollars per unit) }\end{array} \\\hline 0 & 16 \\\hline 1 & 14 \\\hline 2 & 12 \\\hline 3 & 10 \\\hline 4 & 8 \\\hline 5 & 6 \\\hline 6 & 4 \\\hline 7 & 2 \\\hline 8 & 0 \\\hline\end{array}$$ ​
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-Refer to Table 17-3. Suppose the market for this product is served by two firms that have formed a cartel. What price will the cartel charge in this market if the marginal cost of production is $4?

A) $6
B) $8
C) $10
D) $12