Abstract: In an oligopolistic market, all firms have identical cost functions $$C(y)=c\cdot y$$ , with c ≥ 0. Consider a duopoly market in which two firms produce a good with identical constant marginal costs of MC = 0. The demand for the total quantity y in the market is $$P(y)=300-y$$ .
Publication Year: 2018
Publication Date: 2018-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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