Suppose that grinch and grubb go into the wine business in, Ask an Expert

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Suppose that Grinch and Grubb go into the wine business in a small country where wine is difficult to grow. The demand for wine is given by P=$360-0.2Q , where P is the price and Q is the total quantity sold. The industry consists of just the two Cournot duopolists, Grinch and Grubb. Imports are prohibited. Grinch has consant marginal costs of $15 and Grinch has marginal costs of $75. How much is Grinch's output in equilibrium?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91401380

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