Consider a Cournot duopoly with the following inverse demand function: P = 100 - 2Q₁ - 2Q₂.The firms' marginal cost are identical and given by MC_i(Q_i) = 2Q_i.Based on this information consumer surplus in this market is A)$16.33. B)$32.67. C)$1,067.11. D)$2,134.22.

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The Answer of Consider a Cournot duopoly with the following inverse demand function: P = 100 - 2Q₁ - 2Q₂.The firms' marginal cost are identical and given by MC_i(Q_i) = 2Q_i.Based on this information consumer surplus in this market is A)$16.33. B)$32.67. C)$1,067.11. D)$2,134.22.

Consider a Cournot Duopoly with the Following Inverse Demand Function