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Two firms, A and B, each with a marginal cost of $50, form an oligopoly whose market demand is P = 650 10 Q

Two firms, A and B, each with a marginal cost of $50, form an oligopoly whose market demand is P = 650 − 10Q. If the market is defined by Cournot competition, what quantity will they produce and what price will they charge?
A quantity of 30 each and a price of $350
A quantity of 30 each and a price of $50


A quantity of 20 each and a price of $250


A quantity of 15 each and a price of $350

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