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

question 232

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 this market were perfectly competitive instead of oligopolistic, what quantity would be produced?

• A)25
• B)35
• C)50
• D)70

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