Consider Bertrand Competition with demand curve P = 56 − 2 Q. There are two firms....

Consider Bertrand Competition with demand curve P = 56 − 2 Q. There are two firms. Firm 1 has MC=12. Firm 2 has MC=8. What is the equilibrium number of units transacted in this market (Round to the nearest integer)?

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Rahul Sunny answered 1 week ago

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