Help me please Question 16Suppose duopolists in the market for spring water share a market demand curvegiven by P = 1515 -0.25Q, where P is the price per gallon and Q is thousands of%3Dgallons of water per day. The marginal cost of producing water is zero for both firms.If the two firms act as Cournot duopolists moving simultaneously, the optimal outputis2500 gallons of water per day per firm.1950 gallons of water per day per firm.2000 gallons of water per day per firm.1800 gallons of water per day per firm.2020 gallons of water per day per firm.16 of 45

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en 16 se duopolists in the market for spring water share a market demand curve by P = 1515 -0.25Q, where P is the price per gallon and Q is thousands of %3D s of water per day. The marginal cost of producing water is zero for both fi two firms act as Cournot duopolists moving simultaneously, the optimal on 500 gallons of water per day per firm. 950 gallons of water per day per firm. C000 gallons of water per day per firm. 800 gallons of water per day per firm.

en 16 se duopolists in the market for spring water share a market demand curve by P = 1515 -0.25Q, where P is the price per gallon and Q is thousands of %3D s of water per day. The marginal cost of producing water is zero for both fi two firms act as Cournot duopolists moving simultaneously, the optimal on 500 gallons of water per day per firm. 950 gallons of water per day per firm. C000 gallons of water per day per firm. 800 gallons of water per day per firm.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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