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A market has just two firms in it. Demand is given by the equation Q = 270 - 4*P. For Firm 1 Marginal Revenue: MR

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A market has just two firms in it. Demand is given by the equation Q = 270 - 4*P. For Firm 1 Marginal Revenue: MR = (270/4) - (2/4)(Q41 + Q4) Marginal Cost: MC = 3'Q4 For Firm 2 Marginal Revenue: MR = (270/4) - (2/4)%(Q1 + Q4) Marginal Cost: MC = 3*Q According to the Bertrand Model, what will the price of this good be? Round your final answer to two decimal places. Hints: In the Bertrand Model, firms compete the price down to their marginal cost. It is reasonable to assume that Q1 = Qo

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