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The table shows the demand schedule for a particular product. table [ [ table [ [ Quantity Demanded ] , [ ( Units
The table shows the demand schedule for a particular product.
tabletableQuantity DemandedUnitstablePriceDollars per unit
Refer to Table Suppose the market for this product is served by two firms that have formed a cartel. If the marginal cost of production is $ and each firm incurs a fixed cost of $ the combined profit of the cartel will be
a $
b $
C $
d $
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