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Table 17-7

Question 150

Multiple Choice

Table 17-7. The table shows the demand schedule for a particular product.
Table 17-7. The table shows the demand schedule for a particular product. -Refer to Table 17-7.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 $2 per unit and there is no fixed cost,then what will the combined profit of the cartel be? A) $40 B) $60 C) $80 D) $120
-Refer to Table 17-7.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 $2 per unit and there is no fixed cost,then what will the combined profit of the cartel be?


A) $40
B) $60
C) $80
D) $120

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