The data for two firms (firm 1 and firm 2) are given below.There is no fixed cost.

Price 45 40 35 30 25 20 15 10

Q 1 2 3 4 5 6 7 8

TR

MR

TC 10 20 30 40 50 60 70 80

MC

Profit

A Complete the above table

B if the market were perfectly competitive what would the price and quantity be

C if the two firms collude and form a cartel what is the joint profit maximizing level of output and price

D if the two firms split the market evenly, what would be firm 1's production and profit

E what would happen to firm 2 's profit if it it increased its production by one unit while firm 1 stuck to the cartel agreement