Q | P | TR |
600 | 90 | 54000 |
800 | 80 | 64000 |
1000 | 70 | 70000 |
1200 | 60 | 72000 |
1400 | 50 | 70000 |
1600 | 40 | 64000 |
1800 | 30 | 54000 |
1) Output for each firm = 1200/3 = 400
2) Profits for A increases by (600*50)-(400*60) = 6000
3) Profits for B and C falls by (400*60)-(400*50) = 4000
Market Price 90 80 70 Total Market Output 600 800 1,000 1.200 1,400 1.600 1.800 60...
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