Scenario: The market demand for Good A in Corinthia is 3,000 units, and is shown below. There are two rival firms, Aqua Inc. and Blu Corp., in this town that produce Good A. The products of the two brands are identical. Price $100 80 60 60 40- 20 0 1,000 2,000 3,000 Quantity Demanded If Aqua Inc. charges a price of $70 for each unit of Good A and Blu Corp. charges a price of $50, Blu Corp. will face a demand of units. OA. 1,000 O B. 2,000 OC. 1,500 D. 3,000 1 Suppose as creative college students you and your friends develop software that for a small fee helps students choose courses based on professors' ratings and grade distributions, and it becomes an instant hit around campus. You decide to patent your software and license its use to a large tech firm who agrees to pay you 5 percent of all revenue earned. For example, if the tech firm sells 200 subscriptions at $10 each, it will have revenue of $2,000, meaning you will earn 5 percent of that total, or $100. The tech firm's goal is to maximize profits, while your goal as a license holder is to maximize total revenue. Given this information, what do we know about the price of the good? Based on the graph, we know that A. you both prefer the price at P2. B. you both prefer the price at P. C. you prefer P, but the tech firm prefers P. OD. you prefer P, but the tech firm prefers P- 1 a Price MC MR Quantity D