Suppose that market demand can be represented as p 100 -, Business Economics

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Suppose that market demand can be represented as p 100 -

Suppose that market demand can be represented as p = 100 - 2Q. There are 10 identical firms producing an undifferentiated product, each with the total cost function TC = 50 + q2. Compare the competitive outcome with the cartel outcome. What is the individual firm's incentive to cheat on the cartel?

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Business Economics: Suppose that market demand can be represented as p 100 -

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Business Economics: Suppose that market demand can be represented as p 100 -

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