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Suppose that identical duopoly firms have constant marginal

Suppose that identical duopoly firms have constant marginal costs of $10 per unit. Firm 1 faces a de… Show more Suppose that identical duopoly firms have constant marginal costs of $10 per unit. Firm 1 faces a demand function of q1=100-2p1+p2 where p and q denote price and quantity and subscripts denote firm 1 and 2. Similarly, firm 2 faces q2=100-2p2+p1. Solve for Nash-Bertrand Equilibrium. • Show less


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