Question: COMPUTE COMPETITIVE EQUILIBRIUM. Out-of-class exercise: The firms' total cost functions are ci ()1 ) = y? and c2()2) = yz + 15y2. The market inverse

COMPUTE COMPETITIVE EQUILIBRIUM.

Out-of-class exercise: The firms' total cost functions are ci ()1 ) = y? and c2()2) = yz + 15y2. The market inverse demand function is p( Y) = 60 - Y, where Y = yi + yz is the market demand

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