Table 17-11 Only Two Firms, ABC and XYZ, Sell a Particular Product

question 156

Multiple Choice

Table 17-11
Only two firms, ABC and XYZ, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $8 and zero fixed cost.
-Refer to Table 17-11. If ABC and XYZ operate to jointly maximize profits, then what quantity is sold?

• A)25
• B)30
• C)35
• D)40

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Definitions:

Realistic Goals

Achievable objectives set by an individual that are based on practical expectations and a clear understanding of their abilities and limitations.

Productive Behavior

Actions that lead to achieving desirable outcomes, often in terms of work, creativity, or social contributions.

Tranquilizer

Medications used to reduce tension or anxiety, often by depressing nerve function or activity.

Opiate

Opiates are a class of drugs derived from the opium poppy, used primarily for their pain-relieving properties but are also known for their high potential for addiction.