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I need help with this question.... Price competition As in the previous question, the market demand curve is summarized by p(q) = 40 - q

I need help with this question....

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Price competition As in the previous question, the market demand curve is summarized by p(q) = 40 - q and two duopolists produce the good. Assume the cost of production of each firm is C(q) = 4q. (a) What is the equilibrium if firms choose their quantities simultaneously? (b) What is the equilibrium if firms choose their prices simultaneously? (c) Compare these two modes of competition (d) What happens if firms compete in price but one firm moves first? Does the price 'leader' have a first mover advantage

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