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Consider a market with two identical firms. Market demand is P = 26-2Q. MC=AC=2. Assume each firm has two available actions: produce 3 units or

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Consider a market with two identical firms. Market demand is P = 26-2Q. MC=AC=2. Assume each firm has two available actions: produce 3 units or produce 4 units. Build a payoff table. How much is the profit for Firm1 when it produces 4, and Firm2 produces 3? A. 30 B. 32 C. 36 D. 40

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