Answer to Question #331551 in Microeconomics for Will

Question

Suppose that the market demand for facial mud packs are given as follows: P = 2,200 – Q.

Mud packs can be produced at no cost. Determine the level of output that would be produced by each firm in a Cournot duopoly in the long run. Calculate the price charged for mud packs. Show all calculations.

Answer 1

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