Suppose that the market demand for cobalt is given by Q = 200 - P. Suppose that

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Suppose that the market demand for cobalt is given by Q = 200 - P. Suppose that the industry consists of 10 firms, each with a marginal cost of $40 per unit. What is the Cournot equilibrium quantity for each firm? What is the equilibrium market price?
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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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