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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

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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