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Duopoly, quantity-setting firms face the market demand p=270 - Q
Duopoly, quantity-setting firms face the market demand p=270 - Q. Each firm has a marginal cost of $30 per unit. What is the Cournot equilibrium? The Cournot equilibrium quantities for Firm 1 (97) and Firm 2 (92) are = 91 units and 42 = units. (Enter numeric responses using real numbers rounded to two decimal places.)
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