19- The demand for a good y is given by y = 256 / p2. Only two firms produce y. They have identical costs c(y)
19- The demand for a good y is given by y = 256 / p2. Only two firms produce y. They have identical costs c(y) = y2 . Ifthey agree to collude and maximize their joint prots, how much output will each rm produce? A) 2 B) 5 C) 10 D) 12 E) 16
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