Use the following to answer question:
Figure 11.7
-(Figure 11.7) The graph shows the market demand curve. What are the equilibrium price and market output under the following market structures?
a. a two-firm cartel
b. Bertrand competition with identical goods
c. Cournot duopoly with identical goods

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Use the following to answer question:
Figure 11.7 
-(Figure 11.7) The graph shows the market demand curve. What are the equilibrium price and market output under the following market structures?
a. a two-firm cartel
b. Bertrand competition with identical goods
c. Cournot duopoly with identical goods

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The Answer of Use the following to answer question:
Figure 11.7 
-(Figure 11.7) The graph shows the market demand curve. What are the equilibrium price and market output under the following market structures?
a. a two-firm cartel
b. Bertrand competition with identical goods
c. Cournot duopoly with identical goods

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