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Posted: **Sun Jul 03, 2022 1:00 pm**

: 4 15 Pts Duopoly Models Two Firms Operate In A Market Characterized By A Market Demand Function Q 40 2p Their H 1 (13.19 KiB) Viewed 47 times

4. (15 pts.) Duopoly Models: Two firms operate in a market characterized by a market demand function: Q = 40-2p. Their have identical cost functions c(q) =q² +39 +8. Find each firm's output, price, and profits in the: (a) Cournot Duopoly model (b) Stackelberg Duopoly model