Question
Consider a market with the market demand D: P=80-Q, which is served by four Cournot oligopolistic producers (firms) with the constant marginal cost MC= $30
Consider a market with the market demand D: P=80-Q, which is served by four Cournot oligopolistic producers (firms) with the constant marginal cost MC= $30 and no fixed cost.
When these four firms to from a cartel (they behave like a monopoly), the market output is.
A. 10
B. 20
C. 25
D. 35
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Econometric Evaluation Of Socio-Economic Programs Theory And Applications
Authors: Giovanni Cerulli
1st Edition
3662464055, 9783662464052
