In Problem 5, Suppose That Grinch and Grubb Go into the Wine

question 23

Multiple Choice

In Problem 5, suppose that Grinch and Grubb go into the wine business in a small country where wine is difficult to grow. The demand for wine is given by p = $480 - .2Q, where p is the price and Q is the total quantity sold. The industry consists of just the two Cournot duopolists, Grinch and Grubb. Imports are prohibited. Grinch has constant marginal costs of $6 and Grubb has marginal costs of $45. How much Grinch's output in equilibrium?

• A) 675
• B) 1,350
• C) 337.50
• D) 1,012.50
• E) 2,025

---

Definitions:

Mental Disorder

A condition affecting a person's thinking, feeling, behavior, or mood, significantly impacting daily functioning.

Severe Disorder

A serious mental or physical condition that significantly interferes with an individual's daily life and functioning.

Stigma

A mark of disgrace associated with a particular circumstance, quality, or person, often based on stereotypes or prejudice.

Mental Illness Myths

False beliefs or misconceptions about mental health conditions that often contribute to stigma and misunderstanding.