Question: Demand for good Q is given to be Q = 50 - P, where P is price.Two firms both produce good Q, A and B.Each
Demand for good Q is given to be Q = 50 - P, where P is price.Two firms both produce good Q, A and B.Each firm can either produce 11 units or 15 units.Assume both firms have zero cost.If A produces 11 units and B produces 15 units, then A's revenue is _____ and B's revenue is _____.
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