Table 15P-1 shows the monthly demand schedule for a good in a duopoly market. The two producers in this market each faces $5,000 of fixed costs per month. There are no marginal costs.a. What is the monthly profit for each duopolist if they evenly split the quantity a monopolist would produce?b. Suppose duopolist A decides to increase production by 200 units. How much will each duopolist produce and what price will they charge? How much profit will each duopolist earn?Table 15P-1:
Table 15P-1 shows the monthly demand schedule for a good in a duopoly market. The two producers in this market each faces $5,000 of fixed costs per”
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