Question: ( Table: Demand for Wind Powered Turbines ) Use Table: Demand for Wind Powered Turbines. The marginal cost of producing turbines is zero, and only
Table: Demand for Wind Powered Turbines Use Table: Demand for Wind Powered Turbines. The marginal cost of producing turbines is zero, and only two firms, Rudra and Vayu, produce them. Suppose they agree to produce only wind turbines each. By how much does Rudra's profit rise if it cheats on the agreement and produces wind turbines?
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