Question: Oligopoly Analysis Assignment 1. Suppose that the following schedule summarizes the sales (demand) and cost situation confronting an oligopolist: Price $8 $10 $12 $14 $16

sales (demand) and cost situation confronting an oligopolist: Price $8 $10 $12

Oligopoly Analysis Assignment 1. Suppose that the following schedule summarizes the sales (demand) and cost situation confronting an oligopolist: Price $8 $10 $12 $14 $16 $17 $18 $19 $20 Quantity 9 8 7 6 5 4 3 Demanded 2 Total Cost $128 $110 $94 $80 $68 $58 $50 $44 $40 a. Identify q*, the profit-maximizing rate of output, and P*, the profit-maximizing price. b. What is maximum profit for this firm

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