Assume that demand for a product that is produced at zero marginal cost is reflected in the table below. 
a.What is the profit-maximizing level of production for a group of oligopolistic firms that operate as a cartel?
b.Assume that this market is characterized by a duopoly in which collusive agreements are illegal. What market price and quantity will be associated with a Nash equilibrium?
Definitions:
Censure
Formal disapproval or criticism of someone or something, typically in an official context.
Deontological Theory
A moral philosophy that emphasizes the importance of duty and the inherent rightness or wrongness of actions, regardless of the consequences.
Moral Worth
The value of actions or principles based on their ethical soundness or righteousness.
Functionalist Approach
A perspective in sociology and anthropology that interprets society as a structure with interrelated parts designed to meet the biological and social needs of the individuals in that society.
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