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Only two firms, ABC and xYZ, sell a particular product. The following table...

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Question

Accounting

Only two firms,

ABC

and

xYZ

, sell a particular product. The following table shows the demand curve for their product. Each firm has the same constant marginal cost of

$8

and zero fixed cost.\ \\\\table[[\\\\table[[Price],[(Dollars per],[unit)]],\\\\table[[Quantity],[Demanded],[(Units)]],\\\\table[[Total],[Revenue],[(Dollars)]]],[28,0,0],[26,5,130],[24,10,240],[22,15,330],[20,20,400],[18,25,450],[16,30,480],[14,35,490],[12,40,480],[10,45,450],[8,50,400],[6,55,330],[4,60,240],[2,65,130],[0,70,0]]\ Refer to Table 18-4. If this market were perfectly competitive instead of oligopolistic, what quantity would be produced?

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Only two firms, ABC and XYZ, sell a particular product. The following table shows the demand curve for their product. Each firm has the same constant marginal cost of $8 and zero fixed cost. Refer to Table 18-4. If this market were perfectly competitive instead of oligopolistic, what quantity would be produced

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