Multiple Choice
Suppose that firms A and B are Cournot duopolists in the salt industry. The market demand curve can be specified The marginal cost to each firm is $40. Suppose that firm A is producing 100 units. What is firm B's profit-maximizing quantity?
A) 100.
B) 60.
C) 30.
D) 20.
Correct Answer:

Verified
Correct Answer:
Verified
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