1.

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?

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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