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Sprokets are produced by only 2 firms -- Spacely and Cogswell. The inverse demand for sprokets is P = 1,000 - 2Q, where Q =
Sprokets are produced by only 2 firms -- Spacely and Cogswell. The inverse demand for sprokets is P = 1,000 - 2Q, where Q = qs + qc is the combined production of sproketss by Spacely and Cogswell. Suppose the marginal cost and average cost are equal. MC=ATC=200. What is Spacely's reaction function
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
