The market demand is p50-q there are two firms who behave
The market demand is p=50-Q. There are two firms who behave as Cournot duopolists. For simplicity assume the marginal cost is zero
A) solve for the equilibrium price and output
B) compare results with monopoly price and output.
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the market demand is p50-q there are two firms who behave as cournot duopolists for simplicity assume the marginal cost
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a noted economist recently stated ldquothis last recession that ended in november 2010 had lasted 32 months which is
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