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2 firms compete by choosing what quantity to produce. Firm 1 faces a per unit cost of $10, while firm 2 faces a per
2 firms compete by choosing what quantity to produce. Firm 1 faces a per unit cost of $10, while firm 2 faces a per unit cost of $4, and market demand follows P (Q) = 160 - 2Q Answer only as integer numbers (for example, 3, and not "three" or 3.0, or $3) a) What quantity should firm 1 produce? b) What quantity should firm 2 produce? c) What is the market price?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
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