Business, 27.08.2021 18:20 StephiUnicorni

Maytag (M) and Whirlpool (W) are the only two manufacturers of refrigerators. Consumers' willingness to pay is described by the market demand equation P()=2,800−2.5. Each refrigerator costs Whirlpool $105 to produce, but only $90 for Maytag. If Whirlpool is able to set their output levels before Maytag, what is the equilibrium price for refrigerators?

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Maytag (M) and Whirlpool (W) are the only two manufacturers of refrigerators. Consumers' willingness...

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