(All Steps) The graph below shows the demand for Cosmic shampoo: (3 marks) Suppose there are no fixed costs and marginal cost is a constant $4. What are
Question:
The graph below shows the demand for Cosmic shampoo:
(3 marks)
Suppose there are no fixed costs and marginal cost is a constant $4.
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What are the perfectly competitive price and output?
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What are the cartel (monopoly) price and output?
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If there are only four equally-sized firms in the cartel what is the price and output of each firm?
Deliverable: Word Document 
(See Solution) Explain why monopolistically competitive firms do not
![[See Solution] A monopolistic competitive firm is](/images/solutions/MC-solution-library-56214.jpg "[See Solution] A monopolistic competitive firm is producing 100")
[See Solution] A monopolistic competitive firm is producing 100
(Solved) Draw a linear demand curve, marginal revenue curve, marginal
![[See Solution] Consider the following diagram: Demonstrate](/images/solutions/MC-solution-library-56216.jpg "[See Solution] Consider the following diagram: Demonstrate graphically")
[See Solution] Consider the following diagram: Demonstrate graphically
(Steps Shown) Recreate the diagram below and compare the monopoly
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