If the marginal cost is 1 and the market demand curve is pq


Suppose there is an oligopoly in which two firms simultaneously choose quantity and the market determines price. If the marginal cost is $1 and the market demand curve is P(Q) = 2000 - Q. Find the quantity produced by each firm and the market price.

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Business Economics: If the marginal cost is 1 and the market demand curve is pq
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