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Business, 13.05.2021 23:50 bella2017

Assume there are two firms, firm A and B, engaged in Cournot competition. The industry demand curve is given by P = 97 - Q, where Q = QA + QB denotes industry output. Each firm faces a marginal cost of production equal to $19. In equilibrium, what will be the output level of firm A? 52 26 45 78

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Assume there are two firms, firm A and B, engaged in Cournot competition. The industry demand curve...
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