Two Local Ready-Mix Cement Manufacturers,Here and There,have Combined Demand Given

question 28

Multiple Choice

Two local ready-mix cement manufacturers,Here and There,have combined demand given by Q = 105 - P.Their total costs are given by TC_Here = 5Q_Here + 0.5Q²_Here and TC_There = 5Q_There + 0.5Q²_There.If they successfully collude,their total output will be:

• A) 10 units.
• B) 20 units.
• C) 40 units.
• D) 50 units.
• E) 66.67 units.

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