Business
Business, 12.11.2019 23:31, xxxanitaxxx

If an industry consisting of two firms produces a total of 12 units, the market price is $10. if 13 units are produced, the price falls to $9. suppose the two firms form a cartel and agree to produce 6 units each. if one firm cheats and produces 7 units, the cheating firm's revenue rises by and the noncheating firm's revenue falls by

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If an industry consisting of two firms produces a total of 12 units, the market price is $10. if 13...

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