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Consider a market with two firms.Market demand is given by Q= 40 - P / 5 .Firm 1 has total costs of C 1 =

Consider a market with two firms.Market demand is given by Q= 40 - P / 5 .Firm 1 has total costs of C1 = 4q1and Firm 2 has total costs of C2 = 2q2.Solve for the Cournot equilibrium quantities .Then calculate the consumer surplus in this market, in equilibrium.

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