please answer question 11

For Questions 8-11, use the following information: The Orange company has introduced a new smartphone called the J-Phone. The J-Phone is sold through Good Buy, a major electronics retailer. Good Buy has estimated that demand for the J- Phone will depend on the final retail price, p, according to the demand curve: d=2,500,000-3,000p The production cost for Orange is $150 per J-Pod. Note that this supply chain is uncoordinated. Question 11 10 pts What is the profit for Good Buy at equilibrium (i.e. when the players set the wholesale and retail prices from Questions 8 and 9)? Between $120,000 and $140,000 Between $140,000 and $160,000 Less than $100,000 Between $100,000 and $120,000 More than $160,000 For Questions 8-11, use the following information: The Orange company has introduced a new smartphone called the J-Phone. The J-Phone is sold through Good Buy, a major electronics retailer. Good Buy has estimated that demand for the J- Phone will depend on the final retail price, p, according to the demand curve: d=2,500,000-3,000p The production cost for Orange is $150 per J-Pod. Note that this supply chain is uncoordinated. Question 11 10 pts What is the profit for Good Buy at equilibrium (i.e. when the players set the wholesale and retail prices from Questions 8 and 9)? Between $120,000 and $140,000 Between $140,000 and $160,000 Less than $100,000 Between $100,000 and $120,000 More than $160,000