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SupposethatGrinchandGrubbgointothewinebusiness inasmallcountrywherewineis difficulttogrow. Thedemandforwine isgivenbyp(y)=4800.2y,wherepistheprice andy isthetotalquantitysold. The industryconsistsof justthetwoCournotduopolists, GrinchandGrubb. Importsareprohibited. Grinchhasconstantmarginal costsof$30and Grubbhasmarginalcostsof$60.HowmuchisGrinch'soutput inequilibrium

SupposethatGrinchandGrubbgointothewinebusiness inasmallcountrywherewineis difficulttogrow. Thedemandforwine isgivenbyp(y)=4800.2y,wherepistheprice andy isthetotalquantitysold. The industryconsistsof justthetwoCournotduopolists, GrinchandGrubb. Importsareprohibited. Grinchhasconstantmarginal costsof$30and Grubbhasmarginalcostsof$60.HowmuchisGrinch'soutput inequilibrium

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