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  • The Current Price Is Given As $185

    Uploaded by

    Himanshu Minda
    5 views6 pages
    Competitors in an industry were found to be price fixing. The document shows the competitors' price and quantity demanded at each price point, as well as the total revenue. It also includes a graph with demand and marginal revenue curves. The current market price is $185.

    Original Description:

    Drawing a Kink Curve

    Original Title

    Kink Curve

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    Competitors in an industry were found to be price fixing. The document shows the competitors' price and quantity demanded at each price point, as well as the total revenue. It also includes a graph with demand and marginal revenue curves. The current market price is $185.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views6 pages

    The Current Price Is Given As $185

    Uploaded by

    Himanshu Minda
    Competitors in an industry were found to be price fixing. The document shows the competitors' price and quantity demanded at each price point, as well as the total revenue. It also includes a graph with demand and marginal revenue curves. The current market price is $185.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    Competitors Price Fixed

    20
    30
    40
    50
    60
    70

    Price Competitors follow:Qunatity Demanded


    200
    195
    190
    185
    180
    175

    Total Revenue
    35
    40
    45
    50
    55
    60

    The current price is given as $185.

    Price y axis
    Demand x axis
    300

    250

    200
    P
    r
    i 150
    c
    e
    100

    50

    0
    0

    10

    Marginal Revenue
    165
    115

    35
    60

    190
    140

    20
    70

    50
    50
    50

    Fixed Price

    250

    A
    A'

    P
    O

    P'

    Follow Price

    B'

    Follow MC

    Q'

    Price
    Fixed MC

    0
    20

    30

    40
    Quantity

    50

    60

    70

    80

    0
    185
    250

    Fixed Price
    Follow Price
    Follow MC
    Price
    Fixed MC

    Q
    0
    235

    235
    0

    250
    200
    150
    100
    50
    0
    1

    Follow

    Follow

    Q1

    P($)
    20
    30
    40
    50
    60
    70

    200
    195
    190
    185
    180
    175

    TR1($)
    MR1($)
    Q2
    4000
    190
    5850
    180
    7600
    170
    9250
    160
    10800
    150
    12250
    140

    35
    40
    45
    50
    55
    60

    TR2($)
    MR2($)
    7000
    165
    7800
    155
    8550
    145
    9250
    135
    9900
    125
    10500
    115

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