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25-12-2019
Business

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Consider the following duopoly in which the two firms sell a homogeneous product. The inverse demand is given by p = 10 − 1 2 Q. The marginal cost of both firms is $5. What price would prevail in a cournot equilibrium?

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heyderlisenan heyderlisenan

26-12-2019

Answer:

Price will be 6.6

Explanation:

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