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Suppose that Mystic Energy and E-Storm are the only two producers of hydrogen fuel cells. The market inverse demand curve for hydrogen fuel cells is P = 1,300 - 0.08Q, where Q is the number of fuels cells per month and P is the price per fuel cell. The marginal cost is constant at $500. Acting as a cartel, the owners of Mystic Energy and E-Storm agree to evenly split the market output. In this case, each firm produces ____.
Sexual Arousal
The physiological and psychological state of being awakened to sexual desire and preparedness for sexual activity.
Medical Use
Refers to the utilization of drugs, procedures, therapies, or devices to treat or prevent disease or improve health and well-being.
Statutory Rape Laws
Regulations that define sexual activity with individuals below a certain age as rape, irrespective of consent, due to their inability to legally consent.
Enforcement
The act of compelling compliance with laws, rules, or regulations, typically through the application of penalties for violations.
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