An industry has two firms each of which produces output at a constant unit cost of $10 per unit.The demand function for the industry is q = 1,000,000/p.The Cournot equilibrium price for this industry is
A)$5.
B)$10.
C)$15.
D)$20.
E)$25.

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The Answer of An industry has two firms each of which produces output at a constant unit cost of $10 per unit.The demand function for the industry is q = 1,000,000/p.The Cournot equilibrium price for this industry is
A)$5.
B)$10.
C)$15.
D)$20.
E)$25.

An Industry Has Two Firms Each of Which Produces Output