This type of apple can be produced only by two firms because they own the land on which these trees grow. The marginal cost of production is zero for these duopolies, causing total revenue to equal profit. a. Complete the following table Price per bushel Quantity (In Total Revenue bushels) (profit) $12 0 11 5 10 10 15 20 25 30 35 OHNWAUDIO 40 45 50 55 60 b. If the market were perfectly competitive, what price would be charged and what quantity would be produced? C. If these two firms join to form a cartel, what price would they charge and how much would they produce? What will be the total profit and their individual profits? d. If one firm cheats and produces one additional increment (5 units) of production, what is the level of profit generated by each firm? e. At which level of output (Nash Equilibrium) will the firms stop cheating since increasing production will not benefit them any longer? f. Compare the Nash equilibrium to the competitive equilibrium. Which is better for