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Consider a market of two (2) firms that produce the same thing. Market demand is P = 80 - Q, Firm 1 has a marginal

Consider a market of two (2) firms that produce the same thing. Market demand is P = 80 - Q, Firm 1 has a marginal cost of $12, and Firm 2 has a marginal cost of $10. Given each firm's incentives, which of the following would be the most reasonable market price in this case?

a. P = $24

b. P = $12

c. P = $11.50

d. P = $10

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