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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.
\table[[\table[[Quantity Demanded],[(Units)]],\table[[Price],[(Dollars per unit)]]],[0,16],[1,14],[2,12],[3,10],[4,8],[5,6],[6,4],[7,2],[8,0]]
Refer to Table 18-3. Suppose the market for this product is served by two firms that have formed a cartel. If the marginal cost of production is $4 and each firm incurs a fixed cost of $6, the combined profit of the cartel will be
a. $32
b. $12
C. $24
d. $6
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