Determine the profit-maximizing output under collusion

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Reference no: EM13222672

The demand for an oligopoly is P=75-2Q. The firms have cost functions

TC1 = 3q1+q

TC2 = 18q2+q2²

a. Determine the profit-maximizing output under collusion.

b. Calculate the equilibrium price under collusion.

c. Determine if the firms should collude .

Reference no: EM13222672

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