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A monopoly faces a market demand Q(p)= 200-5p and has total cost C(q)=10q. Suppose that the government intervenes the market and splits the monopoly into
A monopoly faces a market demand Q(p)= 200-5p and has total cost C(q)=10q. Suppose that the government intervenes the market and splits the monopoly into two firms with costs C1(q)=10q and C2(q)=10q. If the newly created firms compete in quantities (Cournot competition), then equilibrium total output level of the two firms after this intervention is?
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