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Author Question: The table above has the market demand schedule in an industry that has two firms in it. The marginal ... (Read 45 times)

vHAUNG6011

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on: May 24, 2019



The table above has the market demand schedule in an industry that has two firms in it. The marginal cost of this product is zero because these two firms have exclusive ownership of the resource and it does not cost any additional amount to produce additional units.
a.   If the firms cooperate with each other so that they operate as a monopoly, what price will they charge and what (total) output will they produce?
b.   If the firms cannot cooperate but instead behave as perfect competitors, what will be the price and the (total) output they produce?
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by vHAUNG6011 on May 24, 2019

JaynaD87

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Reply #1 on: May 24, 2019
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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vHAUNG6011

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Reply 2 on: May 24, 2019
Excellent

samiel-sayed

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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