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Suppose that two firms A and B face the market demand curve Q - 500 - 20P Assume that the firms face the following cost

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Suppose that two firms A and B face the market demand curve Q - 500 - 20P Assume that the firms face the following cost functions. CA - 10QA; CB = 8QB Suppose both firms choose prices for their homogenous prices simultaneously a. Compute the Nash equilibrium in prices b. Calculate the output level for each firm c. Calculate each firm's profit d. Calculate the market output

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