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assume two firms have constant marginal costs with c1>c2. If inverse demand is linear and given by p=a-bq what will be industry supply q=q1+q2 when
assume two firms have constant marginal costs with c1>c2. If inverse demand is linear and given by p=a-bq what will be industry supply q=q1+q2 when these two firms compete in a Cournot fashion (assume that a > c1). COmpare and contrast to the "standard" Cournot model where firms have identical constant marginal cost, c.
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