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There are only 2 shoe stores in a small town, and they each can supply a...

There are only 2 shoe stores in a small town, and they each can supply a pair of shoes at a constant marginal cost of MC = $18. Total market demand for shoes in this town is given by P = 150 – Q. If the 2 firms compete against each other in a Cournot duopoly, how many pairs of shoes will each firm produce and what will be the resulting market price?

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New Solving 9, 9 by elimination method 29, +422 132 qit 292 = 132 - X2 29, + 9 = 132 29, + 492 = 264 39 = 132 19=44 and 29, &

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