The graph below shows the demand for Cosmic shampoo.
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Question

The graph below shows the demand for Cosmic shampoo Graph pic.JPG

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

Answered by Expert Tutors

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