What will be the resulting price in the market
Bertrand Price Competition, the two firms have the same demand curve P=100-4Q, Marginal cost of Firm 1 is 5 and for firm 2 is 10. What will be the resulting price in the market? What is each firms profit?
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Marginal cost of Firm 1 is 5 and for firm 2 is 10. What will be the resulting price in the market? What is each firms profit?
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