8) can i get the answer to subpart 4 only thanks A decentralized cartel consisting of three firms has an industry demand of P = 180-Q.The firms have identical cost curves given by TC = 20q: + q?.ACQtyQtyТуpical firmIndustry1) What is the firm's profit maximizing output?2) What is the firm's profit maximizing price?3) What is the firm's profit?4) If the cartel broke down and the firms competed, what would the firm's price be?

If the firms competed, then both the firm's will try to maintain the lowest possible price inorder…

A decentralized cartel consisting of three firms has an industry demand of P = 180-Q. The firms have identical cost curves given by TC = 20q: + q?. AC Qty Qty Typical firm Industry 1) What is the firm's profit maximizing output? 2) What is the firm's profit maximizing price? 3) What is the firm's profit? 4) If the cartel broke down and the firms competed, what would the firm's price be?

A decentralized cartel consisting of three firms has an industry demand of P = 180-Q. The firms have identical cost curves given by TC = 20q: + q?. AC Qty Qty Typical firm Industry 1) What is the firm's profit maximizing output? 2) What is the firm's profit maximizing price? 3) What is the firm's profit? 4) If the cartel broke down and the firms competed, what would the firm's price be?

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter10: Monopolistic Competition And Oligoply

Section: Chapter Questions

Problem 12SQP

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