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Consider a Cournot Duopoly with the Following Inverse Demand Function

Question 87

Multiple Choice

Consider a Cournot duopoly with the following inverse demand function: P = 100 - 2Q1 - 2Q2.The firms' marginal cost are identical and given by MCi(Qi) = 2Qi.Based on this information consumer surplus in this market is


A) $16.33.
B) $32.67.
C) $1,067.11.
D) $2,134.22.

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