Suppose the demand for pizza in a small isolated town is p = 10 - Q....

Suppose the demand for pizza in a small isolated town is p = 10 - Q. There are only two firms, A and B, and each has a cost function TC = 2 + Q. Compare the firms' profits if they behave as Cournot duopolists with their profits if they form a cartel and share the market.

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Rahul Sunny answered 1 year ago

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