Table 17-11 Only Two Firms, ABC and XYZ, Sell a Particular Product

question 177

Multiple Choice

Table 17-11
Only two firms, ABC and XYZ, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $8 and zero fixed cost.
-Refer to Table 17-11. ABC and XYZ agree to maximize joint profits. However, while ABC produces the agreed upon amount, XYZ breaks the agreement and produces 5 more than agreed. How much profit does XYZ make?

• A)$90
• B)$140
• C)$240
• D)$280

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Definitions:

Motor Activity

Physical actions or movements of the body, which are often assessed in medical and psychological evaluations to understand functional ability or symptoms of disorders.

Provide Safety

The act or process of ensuring that an environment or situation is free from danger or risk, often a priority in therapeutic and medical settings.

Patient Safety

Measures and practices adopted to ensure the well-being of patients by minimizing risks, errors, and harm in healthcare settings.

Environmental Stimuli

Physical or sensory factors within the environment that can elicit responses from individuals, influencing behavior or emotions.