Question: Intel and Advanced Micro Devices (AMD) are the only two firms that produce central processing units (CPUs), which are the brains of computers. While the

Intel and Advanced Micro Devices (AMD) are the only two firms that produce central processing units (CPUs), which are the "brains" of computers. While the CPUs produced by the two firms are similar, they are not identical - they are imperfect substitutes for each other (they are differentiated products). As such, they face different inverse demand functions

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