Consider a market with the market demand D: P = 80 – Q, which is served by four Cournot oligopolistic producers (firms) with the constant marginal…
Consider a market with the market demand D: P = 80 – Q, which is served by four Cournot oligopolistic producers (firms) with the constant marginal cost MC = $30 and no fixed cost. 35. When these four firms collude to form a cartel, the market price is A. 45 B. 55 C. 60 D. 70