There Are Two Firms in the Blastopheme Industry

question 5

Multiple Choice

There are two firms in the blastopheme industry.The demand curve for blastophemes is given by p = 4,200 - 3q.Each firm has one manufacturing plant and each firm i has a cost function C(q_i) = q²i, where q_i is the output of firm i.The two firms form a cartel and arrange to split total industry profits equally.Under this cartel arrangement, they will maximize joint profits if

• A)they produce a total of 600 units, no matter which firm produces them.
• B)they produce a total of 466.67 units, no matter which firm produces them.
• C)and only if they each produce a total of 700 units.
• D)and only if each firm produces of 300 units in its plant.
• E)they shut down one of the two plants, having the other operate as a monopoly and splitting the profits.

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Ideologically inspired violation of a sacred site intended to inflict harm, if only symbolically, on people judged to have impure, false, or even evil beliefs and ritual practices.

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