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Suppose the market for soft drinks is a duopoly consisting of profit-maximizing firms A and B. Let p be the market price of soft
Suppose the market for soft drinks is a duopoly consisting of profit-maximizing firms A and B. Let p be the market price of soft drinks and q and q be the quantities produced by firms A and B respectively. Firm A has total cost function C (9) 2009 and firm B has total cost function CB (9B) = 400qB. Market demand is p 1200 (9A + 9b). Find 9A in the Cournot equilibrium? Round your answer to the nearest integer number. = =
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
