Business, 01.07.2019 19:10 MissDumb1

Suppose the market for this product is served by two firms who have formed a cartel and are colluding to set the price and quantity in this market. if the marginal cost to produce this product is constant at $40 per unit and there is no fixed cost, then what will the combined profit of the cartel be? a. $24,000 b. $15,000 c. $27,000 d. $63,000

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