Determine the price and quantity at the kink of demand

Reference no: EM13235277

The kinked demand curve in a duopoly market is defined by two equations

P1 = 10.0.75 * Q

P2 = 16-2 * Q

Determine the price and quantity at the kink of demand curve. Using the equation provide calculate and draw the MR curve.

Reference no: EM13235277

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