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Question 9 = 29B. Firm A has cost function C(q) = 9₁ and firm B has cost function C(qB) The market demand curve is P = 1
Posted: Sun Jun 05, 2022 4:10 pm
by answerhappygod
- Question 9 29b Firm A Has Cost Function C Q 9 And Firm B Has Cost Function C Qb The Market Demand Curve Is P 1 1 (59.9 KiB) Viewed 49 times
Question 9 = 29B. Firm A has cost function C(q) = 9₁ and firm B has cost function C(qB) The market demand curve is P = 10-Q. They decide to form a Cartel. What is the Cartel's profit function? (Hint: since the firms have different cost functions, they go with the firm that has the lower marginal cost of producing).