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6. Suppose this market is served by a duopoly in which each firm faces the marginal cost curve shown in the diagram. The market demand

6. Suppose this market is served by a duopoly in which each firm faces the marginal cost curve shown in the diagram. The market demand and monopolist's marginal revenue curve is also shown. Tell the market outcome (price and quantity of each seller) under each of the following scenarios. a) The two firms compete. b) The two firms collude. c) The two rms merge. cl) The merged monopolist is broken into ten identical firms. 10 HNUbUD'JM'G 7 8 MC Demand 9 1011 Q (M

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