Essay
Firm X and firm Y are the only two Internet providers in a small town. The demand for Internet subscriptions is P = 60 - Q. Neither firm X nor firm Y has any fixed costs. The marginal cost of firm X is constant at $10, and the marginal cost of firm Y is constant at $20. Each firm can sell either 10 or 20 subscriptions, and they meet only once in this market.
Correct Answer:
Verified
Correct Answer:
Verified
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