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Suppose Firms A and B are Cournot-type duopolists in the salt industry. The market demand curve can be specified as P=200-Q A -Q B The
Suppose Firms A and B are Cournot-type duopolists in the salt industry. The market demand curve can be specified as P=200-QA-QB The cost structure of companies A and B is: CA(QA) = 40QA CB(QB)=40QB
Calculate optimal quantities and consumer surplus.
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