Explain all option compulsary......you will not explain all option then I will give you down upvote... Only two firms, LIZ and DOM, sell a particular product. The table below shows the demand curve for their product.Each firm has the same constant marginal cost of $16 and zero fixed cost.Table 18-11°0163248648096112128144160PU822226284036321612Refer to Table 17 H. Assume MC $16. If L12 and DOM agree to jointly maximize profit and share the profit equally.then each will earn a profit of$250$288O $256O $144

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Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter15: Imperfect Competition

Section: Chapter Questions

Problem 15.3P

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