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There are two firms with TC 1 =20+2q 1 and TC 2 =30+5q 2. The market demand is given as P=100-3Q where Q=q 1 +q
There are two firms with TC1=20+2q1 and TC2=30+5q2. The market demand is given as P=100-3Q where Q=q1+q2. If they collude and the market changes into Monopoly, what is equilibrium and deadweight loss due to the collusion?
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