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QUESTION
Please explain the steps to resolve and reach final answer given Inverse market demand is P= 1000 - (Q1+Q2) Cost for each firm are identical and
Please explain the steps to resolve and reach final answer given
Inverse market demand is P= 1000 - (Q1+Q2)
Cost for each firm are identical and given by C1Q1=4Q1
Profit earned by a Cournot Oligopolist = $ 110,224
