I request to you both subparts solve.both questions are from single questions so I request to both subparts correctly explanation Consider a monopoly cartel with two firms, the firmsface an (inverse) demand function: Pb 2993 -91 Qb.The marginal cost for firm 1 is given by mcl = 500 + 21 Q.n The marginal cost for firm 2 is given by mc2 = 296 + 5 Q.How much profit will firm 2 earn as part of the cartel (assume fixed cost%3Dfor the firm are $100) ? Question #19; Consider a monopoly cartel with two firms, the firmsface an (inverse) demand function: Pb = 2993 -91 Qb.lent The marginal cost for firm 1 is given by mcl = 500 + 21 Q.gni The marginal cost for firm 2 is given by mc2 296 + 5 Q.How much output will firm 2 produce as part of the cartel ?%3!19STIO T lVEY

The monopolist is a single seller who sells a heterogeneous product in the market. A monopolist is a…

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I request to you both subparts solve.both questions are from single questions so I request to both subparts correctly explanation

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Monopoly

Section: Chapter Questions

Problem 2CQQ

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Question

I request to you both subparts solve.both questions are from single questions so I request to both subparts correctly explanation

Consider a monopoly cartel with two firms, the firms
face an (inverse) demand function: Pb 2993 -91 Qb.
The marginal cost for firm 1 is given by mcl = 500 + 21 Q.
n The marginal cost for firm 2 is given by mc2 = 296 + 5 Q.
How much profit will firm 2 earn as part of the cartel (assume fixed cost
%3D
for the firm are $100) ?

Question #19; Consider a monopoly cartel with two firms, the firms
face an (inverse) demand function: Pb = 2993 -91 Qb.
lent The marginal cost for firm 1 is given by mcl = 500 + 21 Q.
gni The marginal cost for firm 2 is given by mc2 296 + 5 Q.
How much output will firm 2 produce as part of the cartel ?
%3!
19STIO T lVEY

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