Two dairy farmers produce milk for a local town with local milk demand given by Q=100-1/3P (P denotes price measured in Rands, Q denotes the quantity measured in liters). Both farmers have the same cost function given by TC=150+2q (where q denotes output). (f) Calculate the profits if farmer 2 decides to break the cartel agreement  (g) Does joining a cartel offer any benefits to both farmers? Justify your answer  (h) What if farmer 1 is a leader and farmer 2 a follower, determine the price, quantity and profits made by these two farmers

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