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:
Revenue
The total amount of income generated by the sale of goods or services related to a company's primary operations.
Federal Government
The national government of a federal state, which operates in conjunction with regional governments.
Fiscal Policy
Government policy regarding taxation and spending to influence the economy.
Monetary Policy
The process by which a central bank, currency board, or other regulatory authority manages the supply of money in an economy, primarily through interest rates to achieve macroeconomic objectives like inflation, consumption, growth, and liquidity.
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