Table 17-9
Only two firms, Acme and Pinnacle, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $10 and zero fixed cost.

-Refer to Table 17-9.If this market were perfectly competitive instead of oligopolistic,what quantity would be produced?
A) 1400
B) 1300
C) 1200
D) 1100

Question

Table 17-9
Only two firms, Acme and Pinnacle, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $10 and zero fixed cost.
 
-Refer to Table 17-9.If this market were perfectly competitive instead of oligopolistic,what quantity would be produced?
A) 1400 
B) 1300 
C) 1200 
D) 1100

Quizplus · Accepted Answer

The Answer of Table 17-9
Only two firms, Acme and Pinnacle, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $10 and zero fixed cost.
 
-Refer to Table 17-9.If this market were perfectly competitive instead of oligopolistic,what quantity would be produced?
A) 1400 
B) 1300 
C) 1200 
D) 1100

Table 17-9 Only Two Firms, Acme and Pinnacle, Sell a Particular Product