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book Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman cover

Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman

النسخة 6الرقم المعياري الدولي: 978-1133708735
book Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman cover

Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman

النسخة 6الرقم المعياري الدولي: 978-1133708735
تمرين 2
[Requires Appendix] In Figure 1,suppose that Bole is already cheating by selling 80 million pounds of bananas,while Bel Monte is sticking to its agreed allotment of 60 million,and earning profit of $15 million.
a. If Bel Monte decides to cheat too and sell 80 million,what will be the new market price? [Hint: Use the fact that the demand curve is linear.]
b. What will be Bel Monte's profit now?
c. What will be Bole's profit now?
Figure 1 Cheating Reduces the Cartel's Total Profit
[Requires Appendix] In Figure 1,suppose that Bole is already cheating by selling 80 million pounds of bananas,while Bel Monte is sticking to its agreed allotment of 60 million,and earning profit of $15 million. a. If Bel Monte decides to cheat too and sell 80 million,what will be the new market price? [Hint: Use the fact that the demand curve is linear.] b. What will be Bel Monte's profit now? c. What will be Bole's profit now? Figure 1 Cheating Reduces the Cartel's Total Profit
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Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman
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