Question: Please help me with the question. It's urgent. The graph below shows the demand for Cosmic shampoo. D 140 120 100 80 Costs and revenues

Please help me with the question. It's urgent.

Please help me with the question. It's urgent. The graph below showsthe demand for Cosmic shampoo. D 140 120 100 80 Costs and

The graph below shows the demand for Cosmic shampoo. D 140 120 100 80 Costs and revenues 60 40 20 0 200 400 600 800 1000 1200 1400 Quantity per periodSuppose there are no fixed costs and marginal cost is a constant $70. a. What are the perfectly competitive price and output? Price: $ 70 Output: 600 b. What are the cartel (monopoly) price and output? Price: $ 105 Output: 300 c. If there are only four firms in the cartel, what are the price and output of each firm, assuming equal shares? Round your answers to 1 decimal place. Price: $ 105 Output: 75

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