Suppose identical price setting duopoly firms have constant, Business Economics

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Suppose identical price setting duopoly firms have constant

Suppose identical price setting duopoly firms have constant marginal costs of $50 per unit and no fixed costs. Consumers view the firms products as perfect substitutes. The market demand is Q=150-p

In Bertrand equilibrium firm 1s price is:

and firm 2's price is:

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Business Economics: Suppose identical price setting duopoly firms have constant

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Business Economics: Suppose identical price setting duopoly firms have constant

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