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Answer the question 0 2 '4 a 3 l0 Quantity (appointments per hour) Alt Text: tennis lessons Competitive Outcome, (Pcomp: Qcomp) lf Sam and Jack

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0 2 '4 a 3 l0 Quantity (appointments per hour) Alt Text: tennis lessons Competitive Outcome, (Pcomp: Qcomp) lf Sam and Jack each produce the same quantity of appointments as would be produced in perfect competition, what is the total quantity of appointments [Select] V the price per lesson [Salectl V , and the economic prot of Sam and Jack? [Select] " Think of the perfectly competitive industry in long-run equilibrium. Non-Competitive Outcome, (PM, QM) If Sam and Jack form a cartel and produce'the same quantity of appointments as would be produced in a monopoly, what is the total quantity of appointments [Select] V ,the price per appointment [SGIeCtl V and the economic prot of Sam and Jack? l 58'9\" l V

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