Calculate the industry output and market share at the current price of $2,200, assuming the prices are stable and unlikely to change.
Calculate the industry output and market share at the current price of $2,200, assuming the prices are stable and unlikely to change. [ad_1] The licensing restrictions allow each company to sell as much as it wants at a price ceiling of $2,200. You have the following output and MC data for each company:OutputMC ($)QAbbaBabbaCabba1,0002,5002,6002,7002,0002,4002,3002,5003,0002,2002,1002,3004,0002,0002,0002,1005,0002,1002,2002,2006,0002,2002,5002,300a.Calculate the […]