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Homework answers / question archive / The (inverse) demand for a homogeneous product is P = 10-00259, where is total output
The (inverse) demand for a homogeneous product is P = 10-00259, where is total output. Oligopolistic interactions among firms that produce the product are Bertrand. If two or more firms charge the same price, then sales are divided equally among the firms. Firms / and 2 have marginal costs of $5.50 and firm 3's marginal cost is $6.00. In the Bertrand equilibrium, what is each firm's output? 92 93
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