Question: Suppose market demand is P d = 477 - 16 * Q. There are two oligopolistically competing firms, i=1,2, each producing the output q i

Suppose market demand is P^d = 477 - 16 * Q. There are two oligopolistically competing firms, i=1,2, each producing the output q_i. Each firm's total cost of production is: TC(q_i) = 10 + 21 * q_i. How much output each firm will produce?.

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