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Marginal cost and average cost

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Demand in a market dominated by two firms (a Cournot duopoly) is determined according to: P = 300 - 4(Q1 + Q2), where P is the market price, Q1 is the quantity demanded by Firm 1, and Q2 is the quantity demanded by Firm 2. The marginal cost and average cost for each firm is constant; AC=MC = $65.

The cournot-duopoly equilibrium quantity produced by each firm is _____

Reference no: EM132302902

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