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Competing with rival in cournot quantity competition

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Reference no: EM133299265

Question 1.

What is the CS and DWL in each market?

Question 2.

Suppose that instead of a monopoly, the airline is competing with a rival in Cournot quantity competition. Calculate the Cournot price and quantity in each market and compare to the monopoly outcome.

Reference no: EM133299265

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