If the Inverse Demand for Bean Sprouts Were Given by P(Y)=

question 7

Multiple Choice

If the inverse demand for bean sprouts were given by P(Y) = 550 - 3Y and the total cost of producing Y units for any firm were TC(Y) = 10Y and if the industry consisted of two Cournot duopolists, then in equilibrium each firm's production would be

• A)90 units.
• B)30 units.
• C)60 units.
• D)45 units.
• E)45.83 units.