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A Bertrand duopolists face a market demand curve given by P = 90 - Q where Q is total market demand. Each firm can produce
A Bertrand duopolists face a market demand curve given by P = 90 - Q where Q is total market demand. Each firm can produce output at a constant marginal cost of 30 per unit, the equilibrium price and quantity for the total market will be
Select one:
a.Q = 30, P = 60
b.Q = 40, P = 50
c.Q = 45, P = 45
d.Q = 60, P = 30
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