# Economics

Maybe today someone will help!! Please:)
There are two firms who collude and behave like one firm but with two plants. MC1=10, MC2=30. Market demand Q=200-P. Two plants maximize profits. What is total profit nad production, price in each plant?
There is also presumption that plant1 can produce max 90 nad plant2 max 30.
I really need help with this exercise.

1. 👍 0
2. 👎 0
3. 👁 63

## Similar Questions

1. ### Microeconomics

What keeps oligopolies from becoming a monopoly? Why don't the firms join to dominate the market? I know what oligopolies means: There are three conditions in a oligolopolistic market place. There has only a few large dominant

asked by Susan on May 31, 2009
2. ### microeconomics

Help!! There are two firms who collude and behave like one firm but with two plants. MC1=10, MC2=30. Market demand Q=200-P. Two plants maximize profits. What is total profit nad production, price in each plant?

asked by Aneta on May 16, 2010
3. ### Microeconomics - Oligopoly

Two firms decide to form a cartel and collude in a way that maximizes industry profits. Each firm has zero production costs and each firm is given a positive output quota by the cartel. Which of the following statement(s) are NOT

asked by Anonymous on December 10, 2009
4. ### Economics

In a perfect competitive market, industry demand is P = 850 – 2Q, and industry supply is P = 250 + 4Q (supply is the sum of the marginal cost curves of the firms in the industry). Assume that all the firms collude to form a

asked by Special on November 20, 2009
5. ### Managerial Economics

In a perfect competitive market, industry demand is P = 850 – 2Q, and industry supply is P = 250 + 4Q (supply is the sum of the marginal cost curves of the firms in the industry). Assume that all the firms collude to form a

asked by Dinish on November 24, 2009
6. ### Finance

21. Consider an economy with two types of firms, S and I. S firms all move together. I firms move independently. For both types of firms, there is a 60% probability that the firms will have a 15% return and a 40% probability that

asked by Anonymous on August 2, 2010
7. ### Economics

Consider an infinitely repeated Cournot duopoly with discount factor delta 0, and inverse demand functions p(Q)=a-bQ, with a>c and b>0. Find the condition on the discount factor,delta , for which the two firms could successfully

asked by Brian on May 23, 2012
8. ### Economics

Do all firms in all market structures have anything in common? I think not. They all consist of buyers and sellers. In Principals of Microeconomics courses, economists make several general economic assumptions (perhaps incorrectly

asked by Mariah on December 10, 2006
9. ### statistics

A survey of industrial salespeople who are either self-employed, work for small, medium-sized, or large firms revealed the following with respect to incomes: Of those who earn less than \$20,000, 9 are self-employed, 12 are

asked by Tom E. on September 14, 2008
10. ### Economics

An industry has only two firms producing outputs y1 and y2, respectively. The first firm has a cost function of TC(y1) = 20 + 20y1 and the second has a cost function TC(y2) = 10 + 5y2 + y22. The demand function for the product

asked by EJ on November 22, 2014

More Similar Questions