Ann and Bruce Each Own a Pizza Store in Frostbite

question 23

Multiple Choice

Ann and Bruce each own a pizza store in Frostbite Falls, Minnesota.Demand for pizza is given by Q = 200 - 10P.Having the only two pizza stores in Frostbite Falls, they attempt to profitably split the market without violating the Sherman Antitrust Act.Each has the cost function C = 50 + 5Q.If Ann and Bruce behave as duopolists, each earns a profit of

• A)$0.
• B)$200.
• C)$500
• D)$500.
• E)$562.50.

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Definitions:

Tubercle

A small rounded projection or nodule, often found on bones or the skin.

Calcaneus

The largest tarsal bone; also called the heel bone.

Tarsal Bone

One of the seven bones constituting the tarsus, located in the ankle and heel of the foot, playing a crucial role in foot movement and stability.

Femur

The bone in the upper leg; commonly called the thigh bone.