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Consider the market demand function P=80-Q, where P denotes the price and Q the total quantity of output. In the market there are two firms,
Consider the market demand function P=80-Q, where P denotes the price and Q the total quantity of output. In the market there are two firms, 1 and 2. Firm 1's marginal cost is 10, while firm 2's marginal cost is 20. What is the collusive level of output in this economy
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