Two Firms Share a Market with Demand Curve Q=90-0

question 71

Multiple Choice

Two firms share a market with demand curve Q=90-0.5P. Each has cost function C(q) =900+q². Suppose that each firm maximizes its profit taking the other firm's production choice as given. What is the quantity supplied in the market?

• A)60
• B)90
• C)45
• D)75

---

Definitions:

Unethical Behaviors

Actions that do not conform to acceptable standards of morality or the ethical codes of a particular profession.

Executive Pay

Compensation provided to top-tier management and executives of a company, which may include salary, bonuses, stocks, and other benefits.

Pension Benefit Guarantee Corporation

A federal agency that protects the retirement incomes of American workers in private-sector defined benefit pension plans.

T-statistic

A value derived from the t-test, used to determine if there is a significant difference between the means of two groups being compared.