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The table shows the demand curve for monster trucks. There are two monster truck producers. For simplicity, assume that the cost of producing a monster
The table shows the demand curve for monster trucks. There are two monster truck producers. For simplicity, assume that the cost of producing a monster truck is zero. (AC = 0, FC = 0) Q demanded Price $18 2 $16 $14 4 $12 U $10 6 $9 J $7 8 $6 9 $5 Assume the two producers initially collude to maximize profits, splitting production and profits evenly.What price will they charge? $ |:| $ :1 If one of the producers produces an extra unit to get higher What is the total quantity produced? What are the prots for each rm? What are the prots for this rm when it breaks the What are the other rm's prots after the agreement is 9
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