Use the Following to Answer Questions

question 173

Multiple Choice

Use the following to answer questions:
-(Table: Demand for Solar Water Heaters) Look at the table Demand for Solar Water Heaters. The marginal cost of producing solar water heaters is zero, and only two firms, Rheem and Calefi, produce them. If they agree to collude, what price will the cartel charge and how many water heaters will the cartel sell?

• A) $1,000; 50
• B) $1,100; 45
• C) $900; 55
• D) $800; 60

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Definitions:

Sentenced to Death

The legal punishment of execution administered to an individual convicted of a capital crime.

Black Person

An individual of African descent, often used in contexts related to racial identity and experiences.

White Person

An individual belonging to a racial group characterized by the light pigmentation of the skin, often associated with European descent.

Murders

The unlawful killing of one human by another, especially with premeditated intent.