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A homogeneous- good duopoly faces an inverse market demand of Firm 1 has a constant marginal cost of MC1 Firm 2’s constant marginal cost is MC2 Calculate the output of each

A homogeneous- good duopoly faces an inverse market demand of p = 120 – Q. Firm 1 has a constant marginal cost of MC1 = 20. Firm 2’s constant marginal cost is MC2 = 30. Calculate the output of each firm, market output, and price for (a) A Nash-Cournot equilibrium (b) A collusive equilibrium at the monopoly price.

Apr 08 2020 View more View Less

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