Suppose a second firm enters the market. let q1 be the, Ask an Expert

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Suppose a second firm enters the market. let Q1 be the output of the first firm and Q2 be the output of the second. Market demand is now given by: Q1+Q2=53-P Assuming this second firm has the same economic costs as the first, write the profits of each firm as functions of Q1 and Q2

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9278712

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