A small city has a number of hot dog stands operating throughout the CBD area. Suppose that each vendor has a marginal cost of R1,50 per hot dog sold and no fixed cost. Suppose the maximum number of hot dogs that any one vendor can sell is 100 per day.

If a hot dog is priced at R2, how many hot dogs would each street vendor want to sell per day?

[1] 0

[2] 50

3] 75

[4] 100