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Author Question: Cooperation and CompetitionScholastica City has two college bookstores: one owned by Laverne and one ... (Read 529 times)

stananza

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on: Nov 23, 2022
Cooperation and Competition

Scholastica City has two college bookstores: one owned by Laverne and one owned by Shirley. The table shows the price and quantity demanded for books in Scholastica City.

PriceQuantity Demanded
5000
40071​
30095​
200119​
100143​
Assume that the marginal cost of producing a book is $100.
If Laverne and Shirley form a cartel and maximize their joint profit, what is the price of books and what quantity is sold?
◦ $100, 143
◦ $400, 71
◦ $200, 119
◦ $300, 95
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by stananza on Nov 23, 2022

kaelamcrone

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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stananza

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Reply 2 on: Nov 23, 2022
Excellent

amynguyen1221

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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