Suppose Cournot duopolist firms operate with each having a cost of 30qi (i = 1,2) so that each firm's marginal cost is 30. The market demand curve is P = 120 - Q where Q = q1 + q2. Suppose there were no barriers to entry and firms continued to enter so long as there were positive economic profits. At the Nash-Cournot equilibrium, the total output, Q, is

Which of the following are true of mortgages? a mortgage is a long-term loan secured by real estate. a borrower pays off a mortgage in a combination of principal and interest payments that result in full payment of the debt by maturity. over 80 percent of mortgage loans finance residential home purchases. all of these are true of mortgages. only a mortgage is a long-term loan secured by real estate and a borrower pays off a mortgage in a combination of principal and interest payments that result in full payment of the debt by maturity of these are true of mortgages.