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Distant Shores has two natural gas wells. One owned by Dick and the other owned by Harry. Each well has a valve that controls the rate of flow of gas. The marginal cost of producing gas is $12 a unit. The table gives the demand schedule for Gas on this island. If Dick and Harry form a cartel and maximize their joint profit, what is the price of a unit of gas and what is the quantity produced is units a day?
Price per unit Quantity Demanded
36 0
33 4
30 8
27 12
24 16
21 20
18 24
15 28
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