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Consider a Cournot oligopoly with two firms, where the demand curves are given by P =150- 0 - 202 P, = 150-20 - 92 and

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Consider a Cournot oligopoly with two firms, where the demand curves are given by P =150- 0 - 202 P, = 150-20 - 92 and that costs are given by TC (0 ) = 202 . MC , = 2, TC(Q,) - - Q2. and MC, - 2, Also, marginal revenues can be written as MR = 150-20, -20,, MR, - 150- 20,- 20, Solve for each firm's best response function

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