Question
Suppose identicalprice-setting duopoly firms have constant marginal costs of $20 per unit and no fixed costs. Consumers view thefirms' products as perfect substitutes. The market
Suppose identicalprice-setting duopoly firms have constant marginal costs of $20
per unit and no fixed costs. Consumers view thefirms' products as perfect substitutes. The market demand is Q=100p.
In Bertrand equilibrium. firm1's price is $ ____ and firm2's price is $_____
. (Enter numeric responses usingintegers.)
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Essentials Of Business Law And The Legal Environment
Authors: Richard A Mann, Barry S Roberts
10th Edition
0324593562, 9780324593563
