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How do i set up an equation for this? Two identical firms compete as a Cournot duopoly. The inverse market demand they face is P
How do i set up an equation for this?
Two identical firms compete as a Cournot duopoly. The inverse market demand they face is P = 128 - 4Q. The cost function for each firm is C(Q) = 8Q. The price charged in this market will be?
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