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There is a homogeneous good. Aggregate demand for that good is: Q=10-2p. There are two firms (firm 1 and firm 2). Firm 1 has a

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There is a homogeneous good. Aggregate demand for that good is: Q=10-2p. There are two firms (firm 1 and firm 2). Firm 1 has a constant marginal cost equal to $1; firm 2 has a constant marginal cost equal to $2. a. Calculate the Collusive outcome b. Explain what firm 1 and firm 2 will do to try to support this collusive outcome. A/

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