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Business, 19.03.2021 18:30 cheyennebatz3609

If the firms in a Cournot duopoly merge forming a​ monopoly, the effect on​ price, profit, and other variables depends on the​ trade-off between efficiency and market power. The firms produce identical products. Firm 1 has a constant marginal cost of ​3$​, and Firm 2 has a constant marginal cost of 6​$. The market demand is Qp =45-p

The​ Cournot-Nash equilibrium occurs where q1 equals and q2 equals. ​

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If the firms in a Cournot duopoly merge forming a​ monopoly, the effect on​ price, profit, and o...
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