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Two firms Intel and AMD in the CPU market have combined demand given by Q = 100 - P. Their total costs are given by
Two firms Intel and AMD in the CPU market have combined demand given by Q = 100 - P. Their total costs are given by TC Intel = 4 Q Intel + 2 Q Intel^2 and TC AMD = 4 Q AMD + 2 Q AMD^2. If they successfully collude, the market price will be:
Answers:
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65
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20
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