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Business, 12.12.2019 00:31 cameron12502

Suppose mountain spring water can be produced at no cost and that the demand and marginal revenue curves for mountain spring water are given as follows: q = 6000minus5p mr = 1200minus0.4q refer to scenario 1. what will be the price in the long run if the industry is a cournot duopoly? a. $600 b. $800 c. $900 d. $400 e. competition will drive the price to zero.

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Suppose mountain spring water can be produced at no cost and that the demand and marginal revenue cu...
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