Question: I need help with this homework question. A centralized cartel consisting of two firms has an industry demand of P = 220 - 2Q. The

I need help with this homework question.

A centralized cartel consisting of two firms has an industry demand of P = 220 - 2Q.

The firms have identical cost curves given by TCi = 20qi + qi 2

I need help with this homework question. A centralized cartel consisting of

A centralized cartel consisting of two firms has an induslrjr demand of P - 22H ~ 2D. The rms have identical cost curves given by TELL - Eql. + q. C P Qt? Qt3' Typical firm Industry 1] 'What is the cartel's profit maximizing output? 2] 'What is the cartel's prot maximizing price? 3] The cartel allocates the output to two members. What is the individual firm's profit? 4] It the cartel broke down and the rms competed, what would their price he

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