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Question 38 Firms A and B produce identical products in a simultaneous move scenario. Both 2 9 i=A, B. Both firms face the firms have identical cost functions:, TC; 820+204; + %3D following market demand: P = 200 - Q = 200 - 9A-4B. If the firms compete on price, how much profit will each firm make? 872 920 860 980 820

Question 38 Firms A and B produce identical products in a simultaneous move scenario. Both 2 9 i=A, B. Both firms face the firms have identical cost functions:, TC; 820+204; + %3D following market demand: P = 200 - Q = 200 - 9A-4B. If the firms compete on price, how much profit will each firm make? 872 920 860 980 820

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 38 Firms A and B produce identical products in a simultaneous move scenario. Both firms have identical cost functions:7C, = 820 +204; + 2 9 ,i-A, B. Both firms face the following market demand: P = 200 - Q = 200 - 9A-4B. If the firms compete on price, how much profit will each firm make? 872 920 860 980 820
Transcribed Image Text:Question 38 Firms A and B produce identical products in a simultaneous move scenario. Both firms have identical cost functions:7C, = 820 +204; + 2 9 ,i-A, B. Both firms face the following market demand: P = 200 - Q = 200 - 9A-4B. If the firms compete on price, how much profit will each firm make? 872 920 860 980 820
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