=+b. Suppose a second firm enters the market. Let Q1 be the output of the first firm
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=+b. 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
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Related Book For
Microeconomics
ISBN: 9781292081977
8th Global Edition
Authors: Robert S. Pindyck, Daniel L. Rubinfeld
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