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In a Two Firm Market,let the Marginal Cost of Producing

Question 22

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In a two firm market,let the marginal cost of producing a product be $20,the market demand be given by the function Q=60-P/2 and the market quantity be equal to Q₁+Q₂.What is the Cournot equilibrium quantity each firm would produce in this market?

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50/3 units...

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