Assume that the market for "zingzangs" is a duopoly

Economics Dec 12, 2020

Assume that the market for "zingzangs" is a duopoly. Industry demand is given by P=100 -100 Fixed costs are zero and MC = MC2 = 10. Determine market price, each firm's output, and each firm's profit for each of the following situations: a. Cournot competition. b. Stackelberg competition. c. Bertrand competition. d. Cartel.

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