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There are TWO IDENTICAL firms make an IDENTICAL product. We have Demand Curve P (q) = 300 - 3q; Marginal Cost m = 60. Solve

There are TWO IDENTICAL firms make an IDENTICAL product.

We have Demand Curve P (q) = 300 - 3q; Marginal Cost m = 60.

Solve the followings:

a. CARTEL case: find the outputs for each of the firms:

b: DISREGARD CARTEL from part (a), we want to meet our goal of COURNOT-NASH EQUILIBRIUM: find the outputs for each of the firms:

c: Under STACKELBERG EQUILIBRIUM, and FIRM 1 first move: find the outputs for each of the firms:

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