Home / Questions / Demand in a market dominated by two firms (a duopoloy) is determined according to: P = 22...
Demand in a market dominated by two firms (a duopoloy) is determined according to:
P = 227 - 0.1Q
The two firms have identical marginal cost of:
MC = 19.6
Find the market price charged when the firms form a cartel.
Aug 17 2021 View more View Less
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