Use the following to answer questions (26) - (31): Consider a firm faces the following demand function: q = 20 - 4p for 0 # q # 4, q = 12 - 2p for 4 # q # 12, where q is the quantity demanded of the firms product and p is the price charged by the firm. [26] At p = 2, quantity demanded equals: A. 12 B. 8 C. 6 D. 4 [27] Suppose the firms marginal cost and average total cost are both constant at 3.00. What price should the firm set? A. 4.50 B. 4.00 C. 3.50 D. 3.00 [28] Suppose the firms marginal cost and average total cost are both constant at 2.75. What price should the firm set? A. 2.75 B. 3.00 C. 4.00 D. 4.25 [29] Suppose the firms marginal cost and average total cost are both constant at 2.50. What price should the firm set? A. 4.00 B. 3.00 C. 2.50 D. 2.00 [30] Suppose the firms marginal cost and average total cost are both constant at 2.25. What price should the firm set? A. 2.25 B. 3.00 C. 4.00 D. 4.25 [31] The above demand adheres to which model of oligopoly behavior? A. Bertrand B. Infinitely repeated prisoners dilemma C. Stackelberg D. None of the above