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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
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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