What price will they charge if the market is defined
Two firms, A and B, which is having a marginal cost of $50 (each), form an oligopoly whose market demand is P = 650? 10Q. what quantity wills they produce and what price will they charge if the market is defined by cournot competition?
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The market inverse demand curve is P = 20 - 2(q1+ q2), where q1 and q2 are Firm 1's and Firm 2's output measured in hundreds of units in the Stackelberg competition.
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