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 The graph shows the market demand curve

Economics

 The graph shows the market demand curve. Price ($) 40 36 32 28 24 20 16 12 MC = AC 8 4 MR 0 1 1 2 4 6 7 3 5 8 9 10 Quantity What are the equilibrium price and market output under the following market structures? a. a two-firm cartel b. Bertrand competition with identical goods c. Cournot duopoly with identical goods

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