13.32. Reconsider Problem 13.29, except suppose American and United take each others quantity as given rather than

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13.32. Reconsider Problem 13.29, except suppose American and United take each other’s quantity as given rather than taking each other’s price as given. That is, assume that American and United act as Cournot competitors rather than Bertrand competitors. The inverse demand curves corresponding to the demand curves in Problem 13.29 are?

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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