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Consider the Cournot duopoly with the market demand D(p) = 100 2p. Suppose that firms 1 and 2 produce at the levels of output q1
Consider the Cournot duopoly with the market demand D(p) = 100 2p. Suppose that firms 1 and 2 produce at the levels of output q1 = 20 and q2 = 50, respectively. Find the marginal revenue of each firm.
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