John, Paul and George are three songwriters in the competitive song writing industry. Assume that John, Paul and George are three only three songwrite the industry. We are glven: John's marginal cost function: $M C_{1} = 0.20 Q$ Paurs marginal cost function: $MC == 0.10 Q$ George's marginal cost function: $MCG = 0.20 Q$ where marginal costs are in millons of dollars per song and $Q$ is number of songs. Using the above information, complete the below statements, filing in your final, complete answer in the space provided to the right of the statement.

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John, Paul and George are three songwriters in the competitive song writing industry. Assume that John, Paul and George are three only three songwrite the industry. We are glven: John's marginal cost function:

M C_{1} = 0.20 Q

Paurs marginal cost function:

MC == 0.10 Q

George's marginal cost function:

MCG = 0.20 Q

where marginal costs are in millons of dollars per song and

Q

is number of songs. Using the above information, complete the below statements, filing in your final, complete answer in the space provided to the right of the statement.

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