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The television market in SA has two major suppliers producing differentiated television models. The monthly demand function of the two suppliers is as follows: Samsung:
The television market in SA has two major suppliers producing differentiated television models. The monthly demand function of the two suppliers is as follows:
Samsung: Q1=450- 2p1+p2
Q2= 450-2p2+p1
the marginal costs of production are R60 per unit and fixed costs are equal to 0
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