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In a Cournot duopoly market with market demand function Q(p)=1500-5p, firm 1 has cost function C1(91)=120q1 and firm 2 has cost function C2(q2)=150q2. Notice that

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In a Cournot duopoly market with market demand function Q(p)=1500-5p, firm 1 has cost function C1(91)=120q1 and firm 2 has cost function C2(q2)=150q2. Notice that the two firms have different cost functions. In the Cournot equilibrium, the output choices (firm 1's output, firm 2's output) are given by O (450, 0) (400, 200) (525, 112.5) (200, 200) (350, 200)

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