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Business, 21.04.2020 00:39 smorze

CellBat and DuraBat are the only makers of lawn mower batteries. Their batteries are identical, produced at a constant marginal cost of $25. The market inverse demand curve for lawn mower batteries is P = 145 – 0.5Q, where Q is the total output produced by CellBat and DuraBat, qC + qD. How many batteries will each firm produce in Cournot equilibrium?

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