Question: Problem 4 Consider a market for certain goods in which the inverse demand curve is given by P=101-0.9Q. Suppose there are two identical firms in

 Problem 4 Consider a market for certain goods in which the

Problem 4 Consider a market for certain goods in which the inverse demand curve is given by P=101-0.9Q. Suppose there are two identical firms in this market, A and B. Both firms have the same constant marginal cost equal to MC=3. Fill in the table below for each market structure. Collusive monopoly Perfect Competition Cournot Oligopoly Stackelberg Oligopoly (A moves first) A's quantity B's quantity Industry quantity Price A's profit B's profit Industry Profit

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