Scenario 2- There is a perfectly competitive market with 40 rms and each rm has a constant marginal cost of production = 54 unit. The market demand curve is P = 200 20 where Q is total market quantity. (Hint: it may help to graph the Demand Curve, MR Curve, and MC curve where Demand Curve has vertical intercept at $200 and horizontal intercept at Q = 100 units.) 023 (Using Scenario 2] The competitive market equilibrium will have a quantity of Q = A 98 B 3'5 C 55 D 40' [124 [Using Scenario 2] If the 40 rms join together in a cartel that behaves as a monopolist, then the equilibrium market quantity will be [1 = A 98 B 55 C 49 D 37 0.25 (Using Scenario 2] In the perfectly competitive market equilibrium P = and in the monopoly equilibrium P = A $20; $42 B $4; 555 C D $12; $88 $4; $102