Homework Answers
| 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
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