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the cartel's total profit. Use Excel to answer the following questions. (Round all your answers to whole numbers.) and QB= 2. What is each firm's
the cartel's total profit. Use Excel to answer the following questions. (Round all your answers to whole numbers.) and QB= 2. What is each firm's marginal cost in part 1 ? Answer: MCA= and MCB= 3. The market demand curve is P=86Q, where Q is the total output of the cartel. Calculate MR. Answer: MR = 4. Is MR=MC in the result of part 1? Answer (Yes or No): 5. Find the cartel's optimal outputs (QA and QB) and optimal price. Answer: QA= QB= and P= the cartel's total profit. Use Excel to answer the following questions. (Round all your answers to whole numbers.) and QB= 2. What is each firm's marginal cost in part 1 ? Answer: MCA= and MCB= 3. The market demand curve is P=86Q, where Q is the total output of the cartel. Calculate MR. Answer: MR = 4. Is MR=MC in the result of part 1? Answer (Yes or No): 5. Find the cartel's optimal outputs (QA and QB) and optimal price. Answer: QA= QB= and P=
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