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Consider two firms competing in prices and selling a homogeneous product. The market demand curve is p = 100 - q and the constant marginal costs of the two firms are 10 and 20 respectively. Also, suppose all prices should be integer numbers. Find the prices the two firms choose if they move simultaneously.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9694350

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