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Assignment 11 Due Dec 8 1. The market demand curve for mineral water is given by P=15-Q. If there are two firms that produce mineral

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Assignment 11 Due Dec 8 1. The market demand curve for mineral water is given by P=15-Q. If there are two firms that produce mineral water, each with a constant marginal cost of $3 per unit, fill in the entries for each of the four duopoly models indicated in the table. (In the Stackelberg model, assume that firm 1 is the leader.) Equilibrium Q: Q=Q.+Q. P II, II, II,+ II, Model Shared Monopoly 9 18 18 36 Cournot 16 16 32 Bertrand 12 Stackelberg 18 27

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