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If E wins the race for the patent, a Cournot equilibrium will result with M having an average cost of $60 and E having an
If E wins the race for the patent, a Cournot equilibrium will result with M having an average cost of $60 and E having an average cost of $50. If M wins the race, it will remain a monopolist, but with an average cost of $50. a. What is M's incentive to win the race
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