Question: P = 30 - Q MC, = MC2 = $3 Two firms produce a homogeneous good. Now suppose that these two duopolists compete by simultaneously

P = 30 - Q MC, = MC2 = $3 Two

P = 30 - Q MC, = MC2 = $3 Two firms produce a homogeneous good. Now suppose that these two duopolists compete by simultaneously choosing a price. Find the Nash equilibrium in the Bertrand model

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