An industry demand curve faced by firms in a duopoly is p, Ask an Expert

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An industry demand curve faced by firms in a duopoly is P =69 - Q, where Q = Q1 + Q2. MC for each firm is 0 ( note: Marginal Revenue has twice the slope as the demand curve.) How many units should each firm produce? How much money will each firm make?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91710766

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