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Mairoon Mairoon
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6 years ago
Suppose the demand for pizza in a small isolated town is p = 10 - Q. There are only two firms,A and B, and each has a cost function TC = 2 + Q. Compare the firms' profits if they behave as Cournot duopolists with their profits if they form a cartel and share the market.
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Microeconomics

Microeconomics


Edition: 6th
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LBCeaLBCea
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