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$1,920 D Question 29 Two ophthalmologists, Smith and Jones, are duopolists in a medium sized local market for laser corrective eye surgery where the demand

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$1,920 D Question 29 Two ophthalmologists, Smith and Jones, are duopolists in a medium sized local market for laser corrective eye surgery where the demand curve 3.33 pts is P = 4,360 - 2.5QTOT. QTOT is the number of surgeries performed by both doctors combined. The marginal cost for both doctors is $1000. clinic size. Each doctor is to choose the size of his own clinic (= QF & QR.) Neither doctor will know the exact choice of the other when deciding on his own What is the new profit for Dr. Jones using the Stackelberg solution? $564,480 O $635,040 D $501,760 O $219,040 $706,880 U

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