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(Solution Download) Cournot duopoly and Sweezy oligopoly

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Consider a homogenous-product duopoly where each firm initially produces at constant marginal cost of $100 and there are no fixed costs. Determine what would happen to each firm?s equilibrium output and profits if firm 2?s marginal cost increased to $110 but firm 1?s marginal cost ...


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This question was answered on: Oct 24, 2017

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