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Consider price competition with differentiated products. Firm 1 has a demand given by D 1 =1-2p1 + p2. Firm 2 has a demand of D

Consider price competition with differentiated products. Firm 1 has a demand given by D₁=1-2p1 + p2. Firm 2 has a demand of D₂=1-2p2 + p1. Both firms have a total cost function of TC(q)=q.

Give the equilibrium price for firm 2

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