#6. Your company sells widgets. There is only one other firm in the market: Bear Widgets. Demand for your product depends upon your price, your quantity, and the price that Bear Widgets charges (Psear). You think that Bear Widgets will either charge $10 or $20. What should you do if their price will be $10? Demand: P = 50 – Q + 0.5Pgear Marginal costs: MC = 2Q %3D a. Produce Q = 20 b. Produce Q = 18.33 c. Produce Q = 16.67 d. Produce Q = 15 e. Produce Q = 13.75

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