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10)Consider two firms producing the same good for a common market. Firm 1 has the cost function ofc(q1)=2q1 and firm 2 has the cost function
10)Consider two firms producing the same good for a common market. Firm 1 has the cost function ofc(q1)=2q1 and firm 2 has the cost function of c(q2)=q2. Assuming they compete as Bertrandduopolists, what price would you expect to prevail?
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