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We have a duopoly with the firms A and B. There is the demand function for firm A below, where pB is price for firm
We have a duopoly with the firms A and B. There is the demand function for firm A below, where pB is price for firm B and pA ?i the price for firm A. Prices for both firms A and B is 2. I have to find the value of "b" , when the price elasticity of demand for A is -1. Is my solution correct ?
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