What is the profit of each firm in equilibrium problem 14


What is the profit of each firm in equilibrium (problem 14)? REMEMBER THERE ARE NO COSTS

a) Both firms have profits of $16

b) Both firms have profits of $18

c) Both firms have profits of $20

d) Both firms have profits of $22

e) Both firms have profits of $28

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Business Economics: What is the profit of each firm in equilibrium problem 14
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