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Please answer the question below. The can industry is composed of two firms. Suppose that the demand curve for cans is P=100-Q where P is

Please answer the question below.

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The can industry is composed of two firms. Suppose that the demand curve for cans is P=100-Q where P is the price (in cents) of a can and Q is the quantity demanded (in millions per month) of cans. Suppose the total cost function of each firm is TC=2+15q Where TC is total cost (in tens of thousands of dollars) per month and q is the quantity produced (in millions) per month by the firm. 6. What are the price and output if managers set price equal to marginal cost? 7. What are the profit-maximizing price and output if the managers collude and act like a monopolist

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