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

question 12

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 cannot successfully collude and instead produce where the market price equals marginal cost,each firm's profits will be:

• A) $111.11.
• B) $222.22.
• C) $333.33.
• D) $444.44.
• E) $555.55.

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