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You are given the market demand function Q = 2200 - 1000p, and that each duopoly rm's marginal cost is $0.07 per unit, which implies
You are given the market demand function Q = 2200 - 1000p, and that each duopoly rm's marginal cost is $0.07 per unit, which implies the cost function: G (Cit) = 0-07Cu. assuming no xed costs for i = 1, 2. The Cournot equilibrium quantities are q1 = and q2 = {enter your responses as whole numbers}. The Cournot equilibrium price is $D (round to the nearest penny). Calculate the Cournot prots: rm 1 $|:| and rm 2 $|:| (round both responses to the nearest cent)
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