Question: 3. [4 pts] Two firms compete in prices in the market for coffee in Washington Square Park. Demand is given by P-14-2Q, where P

3. [4 pts] Two firms compete in prices in the market for

3. [4 pts] Two firms compete in prices in the market for coffee in Washington Square Park. Demand is given by P-14-2Q, where P is the market price and Q is the total quantity demanded in the market. Joe's Coffee has a marginal cost of $4/unit while Jacqueline's Java has a marginal cost of $2/unit. Approximately how many units are sold in the market? Show your work. . 10 b. 8 . 6 d. 5 . 3

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