(1 bookmark) flag two identical firms compete as a cournot duopoly. the inverse market demand they face is p = 120-2q. the total cost function for each firm is tc1(q) = 4q1. the total cost function for firm 2 is tc2(q) = 2q2. what is the output of each firm?
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Category: geography |
Author: Selma Yafa
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