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3. The market demand curve for tubs of pre-workout is given by P = 42-2Q. Assume there are two firms that produce tubs of pre-workout,
3. The market demand curve for tubs of pre-workout is given by P = 42-2Q. Assume there are two firms that produce tubs of pre-workout, each with a constant marginal cost of $10 per unit and no fixed costs. Algebraically and graphically calculate the quantities, prices and profits for the each of the two duopoly models in the table: Model Q1 QItQ2 P I 12 Shared Monopoly Bertrand Algebraically: Graphically (label everything): 42 40 36 34 32 30 28 26 24 22 ONAMOONDO Nm Tubs of Pre-Workout
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