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Suppose 2 firms compete in a homogeneous-product Cournot oligopoly If each firm's marginal cost equals $50 and market price elasticity of demand equals -1.5, the

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Suppose 2 firms compete in a homogeneous-product Cournot oligopoly If each firm's marginal cost equals $50 and market price elasticity of demand equals -1.5, the profit-maximizing. equilibrium price equals $ (Enter one number in the blank) Need help? Review these concept resources. I Read About the Concept

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