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Two duopolistic firms A & B produces different products, both firms have an equal average and marginal cost is MC = 8 = AC, if
Two duopolistic firms A & B produces different products, both firms have an equal average and marginal cost is MC = 8 = AC, if demand equations are given as: qA= 29 - 2PA + PB qB= 31 - 4PB+ 2PA Find the following: 1- Bertrand response functions. 2- Bertrand solution for price and quantity
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