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Determine the profit-maximizing quantity of output

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Reference no: EM133133815

Consider a market with the following demand: P=200-3Q If the market is served by two duopolists with the same cost structure, no fixed cost but $20 cost per unit. each firm's total cost is $200. Determine the profit-maximizing quantity of output for each seller, the equilibrium price. and each firm's profit.

Reference no: EM133133815

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