The demand curve for milk can be represented by the following equation: Q = 6000 – 800P %3D There are only two producers and the marginal cost to produce one unit of milk is $6 (There is no fixed...

Extracted text: The demand curve for milk can be represented by the following equation: Q = 6000 – 800P %3D There are only two producers and the marginal cost to produce one unit of milk is $6 (There is no fixed cost). If the capacity of each firm is 600 output, calculate the price range of milk under the Bertrand-Edgeworth Model.