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Let market demand be given by Q = 200-P . Each firm's cost function is C (qi) = 20qi, where i = 1, 2. If

Let market demand be given by Q = 200-P . Each firm's cost function is C (qi) = 20qi, where i = 1, 2. If two firms offer differentiated products and compete in prices. find each firm's output, price and profit.

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