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April 24, 2014

Homework Help: Economics

Posted by Chris on Tuesday, March 20, 2012 at 11:10pm.

Two identical firms compete as a Cournot duopoly. The demand they face is P = 100 - 2Q. The cost function for each firm is C(Q) = 4Q. The equilibrium output of each firm is:

A. 8
B. 16
C. 32
D. 36

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