Refer to above Table 2-1. What is the total amount of leakages?

If an oligopolistic game is repeatedly played, which of the following can occur?

A) Players can learn ways to cooperate and earn an economic profit. B) The competitive price and output consistently is the final result. C) Firms can learn how to cheat more effectively on the other player. D) One firm will be driven out of business. E) An implicit agreement is reached in which one firm constantly cheats on the cartel and the other firm complies with it.

In the above figure, if the price is $16, a profit-maximizing perfectly competitive firm will

A) produce 50 units. B) produce 35 units. C) produce 10 units. D) choose not to produce.