Suppose the market demand function facing three firms is, Ask an Expert

Management Studies

Suppose the market demand function facing three firms is Q=500-2P.each firms has a marginal cost of 5 per unit what is the cartel solution? suppose instead that one of the firm could supply up to 100 units at MC=a and other two firms had a marginal cost of 5. how would this alter the final output price and profit? does this complicate the division of profit how?

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Business Management, Management Studies

Category:- Business Management
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