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The market demand curve for mineral water is given by = 15. If there are two firms that produce mineral water, each with a constant
The market demand curve for mineral water is given by = 15. If there are two firms that produce mineral water, each with a constant marginal cost of 3 per unit, fill in the entries for each of the four duopoly models indicated in the table. (In the Stackelberg model, assume that firm 1 is the leader.)
Please explain how to work out each answer, detailed step by step theory, thanks !
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