Suppose in an oligopoly market, the joint demand curve for small firms A, B and C is
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Suppose in an oligopoly market, the joint demand curve for small firms A, B and C is given as Q = 100 – 2P and their joint supply curve is given as Q = 5 + 2 P. Derive the demand curve for the dominant firm, D. Find the price determined by the dominant firm assuming its MC function given as MC = 5 + 0.5Q.
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