Suppose Acme and Mega Produce and Sell Identical Products and Face

question 32

Multiple Choice

Suppose Acme and Mega produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. Suppose Acme and Mega decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price. If Mega cheats on the agreement by reducing its price to $1 while Acme continues to comply with the collusive agreement, then Mega's economic profit will be ______.

• A)$75
• B)$100
• C)$150
• D)$200

Understand the concept of plasticity within the nervous system.

Distinguish between the sympathetic and parasympathetic nervous systems and their effects on the body.

Describe the components and functions of neurons, including axons and dendrites.

Understand the impact of stress on the nervous system and the body's response to stress.

---

Definitions:

Basic Needs

Fundamental requirements that serve as the foundation for survival, including food, water, shelter, and clothing.

Care Institutions

Organizations or facilities that provide care services, such as healthcare, childcare, or support for the elderly and disabled.

Disengagement Theory

A theory suggesting that aging individuals gradually withdraw from social roles and relationships as a natural part of aging.

Social Activity

Actions or endeavors that involve interacting with others within a society, encompassing both recreational and organized events aimed at fostering community and relationships.