Quick Buck and Pushy Sales Produce and Sell Identical Products

question 9

Multiple Choice

Quick Buck and Pushy Sales produce and sell identical products and face zero marginal and average cost.Below is the market demand and marginal revenue curves for the product.
Refer to the figure above.If Quick Buck and Pushy Sales decide to collude and work as a pure monopolist so that each firm will produce half the quantity demanded by the market,what will be the economic profit for Quick Buck?

• A) $1,000
• B) $1,500
• C) $2,000
• D) $3,000

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Definitions:

Stressors

External or internal factors that cause stress, potentially affecting an individual's emotional and physical well-being.

Loss-oriented

A focus or approach centered on dealing with losses or the aspects of life that have been reduced or taken away.

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The dynamic interactions and bonds between brothers and sisters, which can include aspects of rivalry, support, and companionship.

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The event of losing one's mother, father, or both, often resulting in significant emotional and life changes.