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Homework answers / question archive / Suppose we have two identical firms A and B, selling identical products
Suppose we have two identical firms A and B, selling identical products. They are the only firms in the market and compete by choosing quantities at the same time. The Market demand curve is given by P=200-Q. The only cost is a constant marginal cost of $17. If Firm A produces a quantity of 50 and Firm B produces a quantity of 40, what is market price? Enter a number only, no $ sign.
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