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

Identify what constitutes cash and cash equivalents.

Recognize the direct and indirect methods of reporting cash flows from operating activities.

Comprehend the process of converting accrual basis income to cash basis.

Know the major sources of cash inflows and outflows reported in the statement of cash flows.

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