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      Question

      There are two firms in the market and they follow

      Cournot model. The demand curve faced by them is Q = 180 – P and the marginal cost of producing the good is same for both i.e Rs.30. Calculate the total quantity produced by the firms in the Cournot set up for profit maximization
      A 50 Correct Answer Incorrect Answer
      B 75 Correct Answer Incorrect Answer
      C 100 Correct Answer Incorrect Answer
      D 125 Correct Answer Incorrect Answer

      Solution

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