Multiple Choice
Two firms have formed a centralized cartel in order to maximize profit on the market. Their marginal cost curves are: MCA = 2QA and MCB = 3QB. If the marginal revenue curve of the market is MR = 100-0.8Q, what quantity should Firm B produce?
A) Q=20
B) Q=30
C) Q=40
D) Q=50
Correct Answer:
Verified
Correct Answer:
Verified
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