DRAW PLEASE NCAA as a cartel a. If the cartel consists of only two identical colleges, how would the NCAA divide output/revenue between them? b. Now assume college A has a lower marginal cost than college B. Graph the marginal cost curves for each college, as well as the combined marginal cost curve of the cartel. c. Draw the demand curve and marginal revenue curve. Recall that since the cartel acts like a monopoly, the marginal revenue curve is beneath the demand curve. Indicate the optimal output level for the cartel, as well as how much colleges A and B will produce.

2. NCAA as a cartel a. If the cartel consists of only two identical colleges, how would the NCAA divide output/revenue between them? . Now assume college A has a lower marginal cost than college B. Graph the marginal cost curves for each college, as well as the combined marginal cost curve of the cartel. c. Draw the demand curve and marginal revenue curve. Recall that since the cartel acts like a monopoly, the marginal revenue curve is beneath the demand curve. Indicate the optimal output level for the cartel, as well as how much colleges A and B will produce