How can generate the monopoly profits


Assume that the inverse market demand for pumpkins is given by the P = $10 ? 0.05Q. Pumpkins can be developed by anybody at a constant marginal cost of $1. Assume that a freak weather event wipes out the pumpkins of all but two producers, Lucy and Linus. Both Lucy and Linus have had bumper crops and have more than sufficient pumpkins available to satisfy the demand at even a zero price. Determine how many pumpkins each of them will sell if they split the market equally if they collude to generate monopoly profits.

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Macroeconomics: How can generate the monopoly profits
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