Industry demand is given by : P = 100-2Q The total cost for the individual firm of which there ar...
Industry demand is given by :
P = 100-2Q
The total cost for the individual firm of which there are 4, is given by:
TCi = 10qi + qi2
If the 4 firms form a cartel what will be the price and output if
- the cartel is centralized and
- the cartel is decentralized
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Industry demand is given by : P = 100-2Q The total cost for the individual firm of which there ar...
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