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Author Question: The figure below shows an individual firm in a perfectly competitive industry in which all firms ... (Read 89 times)

krabuske

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on: Oct 12, 2022

The figure below shows an individual firm in a perfectly competitive industry in which all firms have joined together to form a cartel. This firm has agreed to restrict its output to 600 units per day and raise its price to $5 per unit.



FIGURE 10-8
Refer to Figure 10-8. Suppose this firm, and this firm only, decided to cheat on its agreement with the cartel and produce an output level that satisfies its own profit-maximizing condition. What are the additional profits this firm will earn, compared to the profits it would earn as a cooperative member of the cartel?


◦ $2100
◦ $1500
◦ $350
◦ $2400
◦ $600
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by krabuske on Oct 12, 2022

Spike8502

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Reply #1 on: Oct 12, 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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krabuske

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

ryansturges

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

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