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Business, 31.12.2019 04:31 biaxialpower789

Assume there are only two producers of tennis rackets: wilson and prince. the market demand for tennis rackets is depicted by the algebraic formula p - 100 - q, where p stands for price and q stands for quantity of rackets. if the market were monopolized, the resulting formula for the monopolist's marginal revenue would be mr- 100 - 2q, where mr stands for marginal revenue. assume that both producers face a constant marginal cost of $40 and that there are no fixed costs ifwilson and prince form a cartel and each agrees to produce one half of the monopolist's profit-maximizing output, how many rackets would each manufacturer produce? 5.1. 15 enter a whole number, with no decimal point

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