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(still the same Scenario) Two identical firms make up an industry (duopoly)in which the market demand curve is represented by Qd=5,000-4P, and the...
(still the same Scenario) Two identical firms make up an industry (duopoly) in which the market demand curve is represented by Qd=5,000-4P, and the marginal cost (MC) is constant and equal to $650. When the two firms collude and produce the profit-maximizing output, what is the profit earned by each firm?
$180,00
$25,000
$15,000
$360,00