game theory Suppose there are two firms that produce an identical product. The demand curve for the

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Suppose there are two firms that produce an identical product. The demand curve for the product is given by P = 57 - Q where Q is the total quantity produced by the two firms. Both firms choose their individual quantities 912 0 and 9 2 2 0 simultaneously. Each firm has a marginal cost of 27. What is the market price when both firms produce the quantities in the unique Nash equilibrium? Give your answer as a number to two decimal places

Posted Date: Jun 20, 2024 10:07 PM

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game theory Suppose there are two firms that produce an identical product. The demand curve for the

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