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Suppose the Market Has Two Firms, and Market Demand Is

Question 70

Multiple Choice

Suppose the market has two firms, and market demand is p = 200 - 4y. The cost functions for all firms are C(yi) = 600 + 30yi. The Cournot duopoly price is:


A) 46.67.
B) 86.67.
C) 34.67.
D) 92.67.

Correct Answer:

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