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Suppose Alpha Incorporated is one firm in a cartel. The cartel production quota for Alpha is 10 units. The marginal cost for Alpha is given

Suppose Alpha Incorporated is one firm in a cartel. The cartel production quota for Alpha is 10 units.

The marginal cost for Alpha is given by the function: MC=2+0.5Q. The price with the cartel is $14.

19. Determine the producer surplus Alpha would earn if it produced the quota____$95

20. Determine the quantity Alpha will produce if he cheats on the cartel (i.e. the quantity that

maximizes his profit as a price taker). ____________________ 24 units

21. Determine the producer surplus Alpha would earn if it cheated on the cartel.___________ $144

answers are given, please show work without graphs

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