Multiple Choice
Two firms share a market with demand curve Q=90-0.5P. Each has cost function C(q) =900+q2. Suppose that each firm maximizes its profit taking the other firm's production choice as given. What is the quantity supplied in the market?
A) 60
B) 90
C) 45
D) 75
Correct Answer:
Verified
Correct Answer:
Verified
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