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Suppose the demand system for Apple iPhone and Samsung Galaxy is: qA=102pA+3pS,qS=102pS+3pA Apple and Samsung each has a constant marginal cost of 5 for each
Suppose the demand system for Apple iPhone and Samsung Galaxy is:
qA=102pA+3pS,qS=102pS+3pA
Apple and Samsung each has a constant marginal cost of 5 for each unit of the phone. Suppose they set their prices simultaneously. Find the symmetric Nash equilibrium.
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