Micro Economics

10.5uppose firms in the figure below are trying to form an effective cartel. In the left panel (firm view), do the following (1 point each): 3. Label with an A the quantity of output a firm would make if it were to act like a perfectly competitive firm (hint: figure out what price it would face) b. Label with a B the quantity of output a firm would make if all firms formed an effective cartel and no one cheated on their output decisions c. Label with a C the quantity of output a firm would produce if it cheated on its output decisions while the other firms in the cartel stuck by their effective cartel output decisions Mam! dcmnd q. Units wryoar O. um: par year