If two identical firms with marginal cost of 2 and demand curve P=50-4Q compete using the Cournot model, fincprofit 2Select one:O a. 5.O b. 70.O c. 69.43.O d. 23.75.

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If two identical firms with marginal cost of 2 and demand curve P=50-4Q compe profit 2 Soloct

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

If two identical firms with marginal cost of 2 and demand curve P=50-4Q compete using the Cournot model, finc
profit 2
Select one:
O a. 5.
O b. 70.
O c. 69.43.
O d. 23.75.

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