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1. In my numerical example for the two duopoly firms,
https://we.tl/t-AEUniIfism
1. In my numerical example for the two duopoly firms, what is the total revenue the two can earn together if they operate, in essence, as a single monopoly and achieve the best “global” outcome?
2. In the kinked demand curve example, suppose one of the cartel member firms raises its price from $500 to $550. Would this result in higher or lower total revenue for that firm? Why?
3. In your own words, write a brief 1 or 2 sentence summary of the chapter 10 lecture videos for our course.
answer all the 3 questions and answers all correct
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