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Two firms operate in an oligopolistic market and they compete based on prices. The firms face MC = 0 and the demand curves for Firms
Two firms operate in an oligopolistic market and they compete based on prices. The firms face MC = 0 and the demand curves for Firms 1 and 2 are: Q1= 72 - 3P1+ 2P2 Q2 =72 - 3P2 + 2P1 How much is the price charged by Firm 2
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