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QUESTION 24 Two identical firms compete as a Cournot duopoly. The demand they face is P = 100 - 2Q. The cost function for each

QUESTION 24

Two identical firms compete as a Cournot duopoly. The demand they face is P = 100 - 2Q. The cost function for each firm is C(Q) = 4Q. The equilibrium output of each firm is:

8.

16.

32.

36.

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