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Business, 24.04.2020 17:58 bibi43232

Quick Buck and Pushy Sales have agreed to each produce half the profit-maximizing monopolist quantity, set the monopoly price and split the profits evenly. Find the economic profit for both firms if they cooperate and charge the same price. Please enter your answers as numerical entries (ie. 1000 or $1000 not "One thousand dollars") Profit for Quick Buck Profit for Pushy Sales Suppose Quick Buck can cheat on Pushy Sales and reduce it's price to $1.00 each while Pushy Sales continues to comply with the collusive agreement and charge $1.50. Find the economic profit for both firms if Quick Buck breaks the agreement and charges a lower price. Profit for Quick Buck Profit for Pushy Sales

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