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Use the following information for Q8 to (110 Consider a market with market demand curve Q = 1'00 P. The inverse demand curve is P = 100 O, [For a demand curve P = a b0, the marginal revenue curve is P = a 2M1] Q8: Suppose that there is a monopolist in the market with marginal cost curve MC 2 10. There is no xed cost. Suppose that the monopoly charges one price for all the output. Its prot maximising quantity is equal to? Answer. 45 Suppose that there are two rms, A and B, in the market each with marginal cost MC 2 10. There are no xed costs. The two rms compete by setting quantities simultaneously. If rm A were to produce q... = 20. what would rm B's best response be {in terms of quantity}? Answen 35 Continue with 09. In the lCournot Nash equilibrium of this game, firm A produces output equal to? Answer. 30