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:

Axon

An elongated, thin extension of a neuron, also known as a nerve cell, which usually transmits electrical signals from the cell body of the neuron.

Synaptic Transmission

The process by which neurons communicate with each other by releasing neurotransmitters across a synapse to transmit signals to target cells.

Neurotransmitters

Chemicals in the brain that transmit signals across a synapse from one neuron to another.

Reuptake

A process in which neurotransmitters are absorbed back into the neuron after being released, affecting the communication between neurons.