In: Economics

# 4. Al and bert each own gidgets producing firms, in a duopoly market. The gidgets produced...

4. Al and bert each own gidgets producing firms, in a duopoly market. The gidgets produced by Al and Bert are identical and both the firms have identical costs.

These are the demand and cost conditions

Demand: P=248-4Qt=248-4QA-4Qb

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