Assume that two identical firms in a purely oligopolistic industry selling a homogenous product agree to share the maket equally. The total market demand function for the commodity is Qd = 240 – 10P. The cost schedules of the firms are given in the following table:
Question 6: When q1 = 80, what will be MR1?
Question 7: When q2 = 100, then MR2 will be
Question 8: When q2 = 50, price at this level of output will be
Question 9: When q2 = 50, then MR2 will be
Question 10: When q2 = 70, then MR2 will be
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