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

question 1

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 maximum joint profits will be:

• A) $500.
• B) $1,000.
• C) $1,600.
• D) $2,000.
• E) $2,500.

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