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Assume that two companies (C and D) are duopolists that produce identical products. Demand for the products is given by the following linear demand function:P=600QCQDP=600QCQDwhere
Assume that two companies (C and D) are duopolists that produce identical products. Demand for the products is given by the following linear demand function:P=600QCQDP=600QCQDwhere QCQCand QDQDare the quantities sold by the respective firms and P is the selling price. Total cost functions for the two companies are
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