Firm 1 is a lowcost rm with AC1: Mm: 160 and firm 2 is a highcost firm with AB: = MC2 = 241]. Marginal profit
Firm 1 is a lowcost rm with AC1: Mm: 160 and firm 2 is a highcost firm with AB: = MC2 = 241]. Marginal profit function of firm 1: 3040 4:11 2&2 Marginal profit function of firm 2: 2960 2:11 4Q}! What will be the quantity produced by rm _2_ in a Cournot cluopol'glr model? A. 520 units B. 481:] units C. 450 units D. 44Gunits
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