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Anna35 [415]
3 years ago
14

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?
Business
1 answer:
Feliz [49]3 years ago
3 0

Answer:

Price will be 6.6

Explanation:

You can find the attached file.

Download docx
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