Question: An industry has two firms. The inverse demand function for this industry is P Q 1 2 0 5 8 . Both firms produce at

An industry has two firms. The inverse demand function for this industry is P Q 12058. Both firms produce at a constant unit cost of $5 per unit. What is the Cournot equilibrium price for this industry? A) $5 B) $10 C) $405 D) $805 E) None of the above.

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