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If the market demand for a duopoly is given by p=30 - 0.5q and the equilibrium quantity supplied by each firm is one-third the original market demand, what is the equilibrium market price? |
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Answer» If the market demand for a duopoly is given by p=30 - 0.5q and the equilibrium quantity supplied by each firm is one-third the original market demand, what is the equilibrium market price? |
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