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these are the questions thanks ! Question 10 {1 point] In equilibrium, each firm's total prot is Eli: Question 11 {1 point] In equilibrium, total

these are the questions thanks !

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Question 10 {1 point] In equilibrium, each firm's total prot is Eli: Question 11 {1 point] In equilibrium, total consumer surplus is CS= Question 12 {1 point] In equilibrium, total welfare is W= Stackelbe rg The next questions refer to the Steckelberg Leader Follower model. Assume Firm 1 is the leader. Question 13 {1 point] What is the leader's total revenue function? 0 TR1=42q1 -1.5q12 O TR1 =30q1 -1.0q12 O TR1 =18q1 -0.5q12 O TR1=6q1-0.25q12 Question 14 {1 point] What is the leader's marginal revenue function? 0 MR1=6-0.5q1 O MR1 =18-1q1 O MR1 =30-2q1 Question 15 (1 point) What is the leader's chosen optimum quantity q1*= 0 6 O 12 O 15 Question 16 (1 point) What is the follower's s optimum quantity q2*= 0 6 0 9 O 12 O 15 Question 17 (1 point) The market price in equilibrium will be P*(q1+q2)= 12 O 14 O 16 O 18 Question 18 (1 point) In equilibrium, the leader's profit is 01= O 36 72 O 108 O 144 Question 19 (1 point) In equilibrium, the follower's profit is 02= O 36 O 72 O 108 O 144 Question 20 (1 point) In equilibrium, consumer surplus is CS= O 132 O 142 O 152Question 21 (1 point) In equilibrium, total welfare is W= O 270 O 280 O 290 O 300 Cartel For the next questions assume that Firm 1 and Firm 2 form a cartel (thus acting together like a monopolist). Question 22 (1 point) What will be the cartel's marginal revenue function? (where Q=q1+q2) O MRC=30-Q O MRC=30-2Q O MRC=30-3Q O MRC=30-4Q Question 23 (1 point) The cartel's profit maximizing price is PC*= 0 6 O 12 O 14 O 18 Question 24 (1 point) The cartel's profit maximizing quantity is Q*= O 12 O 14 O 18 O 20 Question 25 (1 point) Consumer surplus under the cartel solution is CS = 50 O 72 0 98 O 128

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