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In a market with duopoly, if market demand is P=90-Q find the cournot reaction curves and the qournot quantity solutions in the case where marginal cost (MC=0) and the case where MC=30, what are the monopoly quantities in both cases? and which quantities are bigger Cournot or Monopoly?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91385639

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