True/False
You believe that you have a costless monopoly. Given your estimate of the one day demand for mushrooms: Qm = 1500 - 200Pm, where Qm = servings of fried mushroom and gravy. If another booth opens next to yours also selling fried mushroom and gravy, but demand remains as above assume the product is undifferentiated), each of you would generate $1,250 in revenue under the Cournot assumption.
Correct Answer:
Verified
Correct Answer:
Verified
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