An Industry Has Two Firms

question 11

Multiple Choice

An industry has two firms.The inverse demand function for this industry is p = 263 - 6q.Both firms produce at a constant unit cost of $29 per unit.What is the Cournot equilibrium price for this industry?

• A)$29
• B)$31
• C)$107
• D)$53.50
• E)None of the above.

---

Definitions:

Vascular Neurocognitive Disorder

A form of dementia resulting from multiple strokes and/or ischemic events.

Prevalence

The proportion of a population that is affected by a particular disease, condition, or characteristic at a specific time.

Causes

The reasons or factors that lead to the occurrence or existence of a condition, event, or outcome.

Biological Factors

Components of an individual's physical state that influence their behavior, such as genetic makeup, brain chemistry, and nervous system functioning.