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Please answer this questions using step by step. Assume two identical firms with identical products control a market whose aggregate demand is Q d =

Please answer this questions using step by step.

Assume two identical firms with identical products control a market whose aggregate demand is Qd = 450 - P. Both face constant marginal costs of $30/unit. Under the Cournot assumptions, what is the equilibrium market price and how much profit does each firm earn?

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