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Bertrand duopolists, Firm 1 and Firm 2, face inverse market demandand bothhave marginal cost, MC = $20.The equilibrium industry profits this market will be a.

Bertrand duopolists, Firm 1 and Firm 2, face inverse market demandand bothhave marginal cost, MC = $20.The equilibrium industry profits this market will be

a. 0

b.10

c. 50

d.90

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