The graph below shows the demand for Cosmic shampoo.
Question

The graph below shows the demand for Cosmic shampoo

Suppose there are no fixed costs and marginal cost is a constant $60. A)What are the perfectly competitive price and output? Price:$

Output:

B)What are cartel (monopoly) price and output?

Price: $Output: C)If there are only four firms in the cartel, what are the price and output of each firm, assuming equal shares? Round your answer to 1 decimal place Price:$

Out put:

Image transcriptions

The graph below shows the demand for Cosmic shampoo. E 12ﬂ 100 80 6D 40 Costs and revenues 20 0 C 200 400 600 800 100012001400 Quantity per period

amet, consectetur adipiscing elit. Nam lacinia pulvina

inia psum

ur laoresu

, consectetur adipiscing elit. Nam lacinia pu

inia p, c

ur laoreri

m ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ant

inia p, c

ongue velitur

gue

Step-by-step explanation

ec aliquet. Lorem i

e vel laoreet

ipsum dolor sit amet, consectetur adip

usce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec

inia

usce du

ur laoreet.

m ipsum

entesque dapibu

ec aliquet. Lorem ipsum dolor

orisus ante, dapibus a molest

ctum vitae odio

ffici

, ultrice

fficitur laoreet. Nam risus an

uinia pulvinar tortor nec facilisis. Pellentesqu

ce dui lectus,

onec aliquet. Lorem ipsum

entesque dapib

s a molestie consequat, ultrices ac magna. Fusce dui le

ng elit. Nam

cing

ec aliquet. Lorem ipsum dolo

s ante, dapibus a molestie consequa

xgue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, con

ec facilisis. Pellentesque dapibus efficitur laor

itur laoreet. Nam risus ante, dapi