Mathematics, 22.06.2020 02:57 legendman27

Q15 Suppose the market for this product is served by two firms who have formed a cartel and are colluding to set the price and quantity in this market. If the marginal cost to produce this product is constant at $40 per unit and there is no fixed cost, then what will the combined profit of the cartel be? $63,000 $24,000 $27,000 $15,000

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