Suppose 100 identical firms produce in an initial, Business Economics

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Suppose 100 identical firms produce in an initial

Suppose 100 identical firms produce in an initial competitive market: P=10-Q/200 and P=1+Q/200.

1. How much would each firm like to produce at the price set by the cartel

Illustrate graphically your answer.

1. What are the advantages and disadvantages of a cartel?

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Business Economics: Suppose 100 identical firms produce in an initial

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