Equilibrium price-individual and aggregate outputs

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Assume that there are two identical firms in an industry, each producing the same good at the same constant marginal cost of $60. Consumer Demand is given by:

P = 600 – 20*Q

Make a table, similar to the one we made in class, for the Bertrand, Cournot and Monopoly models, showing the following: equilibrium price; individual and aggregate outputs; individual and aggregate profits.

Reference no: EM13736859

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