What are the equilibrium prices and quantities

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Consider the market for carbonated water and suppose that demand is given by D(p) = 100 – 5p There are only two firms producing carbonated water, each with the same constant unit cost c = 2.

(a) What are the equilibrium prices and quantities if the firms behave as Cournot competitors? What are the firms’ profits?

Reference no: EM13742223

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