An industry demand curve faced by firms in a duopoly

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Reference no: EM131001950

An industry demand curve faced by firms in a duopoly is P =69 - Q, where Q = Q1 + Q2. MC for each firm is 0 ( note: Marginal Revenue has twice the slope as the demand curve.) How many units should each firm produce? How much money will each firm make?

Reference no: EM131001950

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