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Suppose that identical duopoly firms have constant marginal costs of $10 per unit. Firm 1 faces a demand function of q1 = 160 -2p1 +

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Suppose that identical duopoly firms have constant marginal costs of $10 per unit. Firm 1 faces a demand function of q1 = 160 -2p1 + 1p2 where q, is Firm 1's output, p, is Firm 1's price, and p2 is Firm 2's price. Similarly, the demand Firm 2 faces is 92 = 160-2p2 + 1p1 Solve for the Bertrand equilibrium. In equilibrium, p, equals $ 60 and p, equals $ 60 (Enter numeric responses using integers.) At these prices, q, equals and q2 equals

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