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Two firms compete in the Canadian market for supplying raw canola oil which is perceived as a homogeneous product. The demand curve faced by these
Two firms compete in the Canadian market for supplying raw canola oil which is perceived as a homogeneous product. The demand curve faced by these two firms is P = 24 - Q where P is the price of canola oil and Q is the total quantity offered for sale by the two firms. Marginal cost for Firm 1 is $4 and marginal cost for Firm 2 is $8. Neither firm has any fixed costs
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Granularity Theory With Applications To Finance And Insurance
Authors: Patrick Gagliardini, Christian Gourieroux, Christian Gouriéroux
1st Edition
1316057135, 9781316057131
