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vodka [1.7K]
2 years ago
7

two firms intel and AMD in the CPU market have combined demand given Q = 100-2P. Their total costs are given by TC Intel = 2 Q I

ntel + Q2 Intel and TC AMD = 2 Q AMD + Q2 AMD. If they cannot successfully collude and instead produce where the market price equals marginal cost, the market price will be
Business
1 answer:
devlian [24]2 years ago
7 0

If they cannot successfully collude and instead produce where the market price equals marginal cost, the market price will be higher.

More about market price:

The price at which a good or service can currently be purchased or sold is known as the market price. The dynamics of supply and demand influence the market price of a good or service. The market price is the cost at which the quantity supplied and the quantity demanded are equal.

In order to determine consumer and economic surplus, the market price is used. Customer surplus, also known as the market price, is the difference between the highest price a consumer is willing to pay and the actual amount they pay for the commodity.

Learn more about market price here:

brainly.com/question/17218349

#SPJ1

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