Six firms in market sell a homogeneous product.The market demand function is Q = 600 - 3P/4.Each firm produces at a constant marginal cost of $400.What is the collusive market level of output?

Group of answer choices

180

210

150

None of the answers shown is correct.

80

Which of the following statements is correct regarding the Sweezy model of oligopoly?There is more than one correct answer to this question.You must mark all of the correct answers to receive full credit for this question.

Group of answer choices

The model shows how changes in marginal cost may not cause changes in the profit-maximizing output.

Competitors match price increases but do not match price decreases.

The model shows what happens when firms collude on output and price decisions.

At the intersection of the two inverse demand curves the marginal revenue curve is downward sloping.

The model helps to explain sticky prices.