The graph below illustrates two demand curves for a firm operating in a differentiated product oligopoly. Initially, the firm charges a price of $60 and produces 10 units of output. One of the demand curves is relevant when rivals match the firm's price changes; the other demand curve is relevant when rivals do not match price changes. Price 110 100- 90 80- 70 60- D₁ 50- 40- 30- 20- D₂ 10- 0 12 15 18 21 24 Quantity (3) For what range in marginal cost will the firm continue to charge a price of $60? +A to $

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