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Consider a Bertrand oligopoly consisting of ten firms that produce an identical product at a marginal cost of $300. The market demand for this product

Consider a Bertrand oligopoly consisting of ten firms that produce an identical product at a marginal cost of $300. The market demand for this product is Q = 250 - P/6.What is the equilibrium level of output in this market?

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600

400

100

200

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