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Consider a market for a homogeneous good where the demand is Q = 75-5P. There are two firms, A and B, with constant marginal costs
Consider a market for a homogeneous good where the demand is Q = 75-5P. There are two firms, A and B, with constant marginal costs 3 and (3,9], respectively. Firms have no fixed costs, simultaneously pick quantity, and are profit maximizers
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