Question
Two firms, Alpha Mowers and Beta Mowers, sell q A and q B identical lawnmowers (respectively). Market (inverse) demand is p = 150 - Q
Two firms, Alpha Mowers and Beta Mowers, sell qA and qB identical lawnmowers (respectively). Market (inverse) demand is p = 150 - Q where Q = qA + qB . Both firms have a constant marginal cost of $30. The equilibrium quantity for each firm is _____ .
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Foundations of Business
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor
6th edition
1337386928, 9781337670975 , 978-1337386920
