gael150 gael150

22-03-2024
Business

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Suppose in a Cournot duopoly that two firms, Firm 1 and Firm 2, face market demand P=50−Q and both have marginal cost, MC $20. The equilibrium price in this market will be:
a) OP-$40
b) P-$10
c) OP-$30
d) P-$20

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