Suppose the Market Demand Curve Is P = 40 -

question 62

Multiple Choice

Suppose the market demand curve is P = 40 - 2Q and the constant marginal cost of production is MC = 20. Which of the following is a valid expression for the collusion curve?

• A) Q = 5
• B) Q₁ = 5 - Q₂
• C) Q₁ = Q₂ = 5
• D) Q₁ = 40 - Q₂

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