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answer asap Suppose that a firm's demand function is: P = 140 - Q MC =20 1. What is the output decision, prices, & profits

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Suppose that a firm's demand function is: P = 140 - Q MC =20 1. What is the output decision, prices, & profits under perfect Competition? 2. What is the output decision, prices, & profits under monopoly? 3. What is the output decision, prices, & profits under duopoly? 4. Graph the response "reaction" functions for the duopoly firms

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