MyLab Economics Homework - E x P Do Homework - 7-2 MyEconlab X + X - -> C D A mathxl.com/Student/PlayerHomework.aspx?homeworkld=6044433018questionld=1&flushed=false&cld=6609178&back=https://www.mathxl.com/Student/DoAssignments.aspx?tool_consumer_info_product_family.. Apps M Gmail 4 CED GT Midwest Fil.. (@ CED Intranet in Linkedin O Marriott United Southwest Airlines |... Members | National. Homepage - South.. Easybib S StuDocu Grammarly Course Hero *> Reading list ECO-301-T1276 Managerial Economics 21EW1 Joshua Brown & | 10/11/21 10:33 AM Homework: 7-2 MyEconLab Homework Chapter 16 and 17 Question 1, Text Questio HW Score: 2.68%, 1.5 of 56 points Part 1 of 2 Points: 1.5 of 3 Save Suppose that the only two firms in an industry face the market (inverse) demand curve P = 130 - Q. Each has constant marginal cost equal to 4 and no fixed costs. Initially the two firms compete as Cournot rivals (Chapter 11) and each produces an output of 42. Why might these firms want to merge to form a monopoly? What reason would antitrust authorities have for opposing the merger? (Hint: Calculate price, profits, and total surplus before and after the merger.) Suppose that each firm has fixed costs, F, of $1,400 that are avoidable if a firm does not produce. The firms would favor the merger because combined profit would increase by $ | and the profit-maximizing price would increase by $|]. (Enter your response rounded to two decimal places.) Help Me Solve This e Text Pages Get More Help - Clear All Check Answer 9:33 AM O O 9 10/11/2021