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Find the equilibrium price for two firms, A and B, operating in a duopoly where the reaction functons are Pa = 0 75 0.75PA +
Find the equilibrium price for two firms, A and B, operating in a duopoly where the reaction functons are Pa = 0 75
0.75PA + 5, respectively. How would B react if A launched an offensive by reducing the price to Rs. 10. 00 represent them graphically.
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