Question: Consider the market demand function P = 8 0 - Q , where P denotes the price and Q the total quantity of output. In

Consider the market demand function P=80-Q, where P denotes the price and Q the total quantity of output. In the market there are two firms, 1 and 2. Firm 1's marginal cost is 30, while firm 2's marginal cost is 20. What is the collusive level of output in this economy?
Q =25
Q =30
Q =27.5
Q =15

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