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What is the cournot equilibrium price in the market

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Reference no: EM132267239

Consider a duopoly with each firm having different marginal cost function in the following format: MCi = 32 + 2Qi for firmi=1,2.Themarketdemandcurveis P =40-2Q,where Q=Q1 +Q2.

What is the cournot equilibrium price in the market?

Reference no: EM132267239

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