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 profit for each firm is:
A) 152.79.
B) 72.79.
C) 102.79.
D) 202.79.
Correct Answer:
Verified
Correct Answer:
Verified
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