Table 16-5 -Refer to Table 16-5.This Table Shows the Demand Schedule for the Demand

question 69

Multiple Choice

Table 16-5

-Refer to Table 16-5.This table shows the demand schedule for a particular product.Suppose the market for this product is served by two firms who each chooses its output independently.If the marginal cost to produce this product is $0,what is the Nash equilibrium production level for each firm?

• A)3 units
• B)4 units
• C)5 units
• D)6 units

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