Question: Consider the Cournot market in Worked-Out Problem 19.1. Suppose the demand in that market changes to Qd= 5,500 - 25P. Draw the old and new

Consider the Cournot market in Worked-Out Problem 19.1. Suppose the demand in that market changes to Qd= 5,500 - 25P. Draw the old and new demand curves. What are the new equilibrium quantities and price?

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