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

question 23

Multiple Choice

If the inverse demand for bean sprouts were given by P(Y) = 940 - 5Y and the total cost of producing Y units for any firm were TC(Y) =40Y and if the industry consisted of two Cournot duopolists, then in equilibrium each firm's production would be

• A)90 units.
• B)45 units.
• C)30 units.
• D)60 units.
• E)47 units.

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Definitions:

Hemorrhoids

Swollen veins in the lower rectum and anus, often causing discomfort, pain, and bleeding.

Distended Veins

Veins that are enlarged and swollen, often indicative of an underlying medical condition.

Rectum

The final section of the large intestine, concluding the digestive tract, where feces are stored before elimination.

Anus

The opening at the end of the digestive tract through which waste material is expelled from the body.