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A Cournot Oligopoly Has 2 Firms, and Inverse Market Demand P=60QP = 60 - Q

Question 14

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A Cournot oligopoly has 2 firms, and inverse market demand P=60QP = 60 - Q . All firms have marginal cost, MC=$20M C = \$ 20 . The equilibrium price in this market will be:


A) $20.50\$ 20.50
B) $22\$ 22
C) $33.33\$ 33.33
D) $40.15\$ 40.15

Correct Answer:

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