SCENARIO answer this based on the information provided below:

Two firms, Alpha and Beta, are the only competitors within the widget industry. They are located in the same city. Fixed costs for Alpha and Beta are the same and Beta pays a labor rate of $20.00 per hour. Widgets are viewed as a commodity. The following is given: Alpha: L/Q = 5, P = 15, Quantity sold = 2 Beta: L/Q = 8, P = 15, Quantity sold = 2 From your calculations for the previous question, it can be observed that:

Group of answer choices

Beta is more efficient than Alpha

Beta is free to raise prices, thereby increasing profit

Both c and d above are correct

Alpha, the more efficient firm, may lower price and capture market share

Both Alpha and Beta will likely increase market share