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.
Chapter1: Making Economics Decisions
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Transcribed Image Text:Question 16
Suppose duopolists in the market for spring water share a market demand curve
given by P = 1515 -0.25Q, where P is the price per gallon and Q is thousands of
%3D
gallons 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 output
is
2500 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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