Suppose Acme and Mega Produce and Sell Identical Product with Zero

question 41

Multiple Choice

Suppose Acme and Mega produce and sell identical product with zero marginal and average cost.Following is the market demand and marginal revenue curves for the product.
Refer to the figure above.If Acme and Mega decide to collude and work as a pure monopolist such that each firm will produce half the quantity demanded by the market,what will be the economic profit for Mega?

• A) $0
• B) $50
• C) $100
• D) $150

Comprehend the significance of strategic communication in achieving organizational goals.

Master the use of specific PR writing structures, such as the inverted pyramid and the 5Ws and H.

Appreciate the ethical considerations in PR, including respecting legal, societal, and professional norms.

Develop skills in crafting specific content types like news releases, Op-Eds, and multimedia materials.

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Definitions:

UCR

Uniform Crime Reporting; a statistical program designed to collect and analyze data on crime reported to law enforcement agencies in the United States.

UCS

Stands for Unconditioned Stimulus in classical conditioning, an event that elicits a natural, reflexive response.

CR

In classical conditioning, the conditioned response is the learned reaction to a conditioned stimulus.

CS

Conditioned Stimulus, a previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response in classical conditioning.