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1- Consider the World aeronautic industry, two companies, Airbus and Boeing, operate in a duopolistic market structure and produce identical airplanes. The analysis concentrates on

1- Consider the World aeronautic industry, two companies, Airbus and Boeing, operate in a duopolistic market structure and produce identical airplanes. The analysis concentrates on the American and European markets where the two firms are producing. In autarky, both firms are in a monopoly in their home markets.

(a) Describe the equilibrium under autarky and compare it with the equilibrium under perfect competition

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