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Two identical firms compete as a Cournot duopoly. The demand they face is P = 100 - 2Q. The cost function for each firm is

Two identical firms compete as a Cournot duopoly. The demand they face is P = 100 - 2Q. The cost function for each firm is C(Q) = 4Q (Marginal Cost = $4). What are the equilibrium profits earned by each firm? O $2,048 $4,096 O $512 O $0

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