pls and thank you Not Yet Answered n 10 Consider an industry where there are two...

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Not Yet Answered n 10 Consider an industry where there are two firms with these cost functions: ctly) - 120y1 and c2[y)=B072.

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Q p(y) = 400-24, Mg = 120, MCQ = 80 Now ni= (P-MG) y = (400 - 120 - 24,-292) = ( 280-242) Y,- 24,2 80 aniloy, (280-24 2) - 44 Q2) cartel soin Both will produce at lower MC = 80 1 MR = Mc at Eqm, 400 - 4y = 80 320 = 4y = y=80 9 JAS 2 then p= 400 - 80x2

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