Question: Consider the Cournot model, the production competition model, where the market demand equation is p=250-q1-q2, and the firms marginal costs are MC1=MC2=10, and there is
Consider the Cournot model, the production competition model, where the market demand equation is p=250-q1-q2, and the firms marginal costs are MC1=MC2=10, and there is no fixed cost. Find the equilibrium social welfare.
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