(Table: Gascolator Producers I) Banner and Sense Are Bertrand Competitors

question 37

Multiple Choice

(Table: Gascolator Producers I) Banner and Sense are Bertrand competitors producing identical gascolators (a main line strainer) . The inverse market demand curve for gascolators is P = 2,000 - 4Q, where Q is the quantity of gascolators and P is the price per gascolator. Banner and Sense produce gascolators at a constant marginal cost of $80. If Banner charges a price of $100 and Sense charges $80, Banners quantity sold is ____.

• A) 480
• B) 475
• C) 240
• D) 0

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Definitions:

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A material lacking medicinal impacts, utilized as a comparative standard in evaluating novel medications.

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