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10 20 30 46 50 60 70 80 90 10 110 125 130 140 156 160 170 180 Moving to another question will save this response. > Question 14 6 points Saved Two firms form a cartel so that they can perfectly collude. The two firms have total cost functions which are given by TC, = Q12 and TC2 = Q22/2. The two firms face a market demand which is given by p = 100 - (Q1 + Q2). Answer each of the following questions. The equilibrium output of firm one is 12.50 and the equilibrium output of firm 2 is 25 The collusive price is 62.50

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