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

question 47

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(Table: Gascolator Producers I) Banner and Sense are Bertrand competitors producing identical gascolators (a main line strainer) . (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 $80 and Sense charges $80, Banner's quantity sold is ____. A)  480 B)  475 C)  240 D)  0 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 $80 and Sense charges $80, Banner's quantity sold is ____.


Definitions:

Cueing Devices

Tools or signals used to prompt or guide a desired response or behavior.

Self-Monitoring

A self-management technique where individuals observe and record their own behaviors, thoughts, or emotions as a means to improve self-awareness or modify behavior.

Locus of Control

A psychological concept referring to an individual’s belief about the extent to which outcomes of their actions are under their own control versus external forces.

Self-Management

A term that generally refers to the range of activities, both overt and covert, in which students may engage that increase or decrease the probability of appropriate behaviors occurring. Self-management is a more encompassing term than self-control in that it avoids the designation of locus of control. It encompasses techniques considered to be both internal (i.e., self-control) and external (i.e., environmental).

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