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Suppose that firms A,B,C and D are Bertrand duopolists in the salt industry. The market demand...

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Economics

Suppose that firms A,B,C and D are Bertrand duopolists in thesalt industry. The market demand curve can be specified asQ=100-3p, Q=qA+qB+qC+qD. The cost of firm A is C(qA)=7qA The costof firm B is C(qB)=3qB The cost of firm C is C(qC)=7qC The cost offirm D is C(qD)=5qD

Firm A will earn?

Firm B will earn?

Firm C will earn?

Firm D will earn?

Answer & Explanation Solved by verified expert
4.1 Ratings (566 Votes)
Explanation As Firms A B C and D are Bertrand duopolists and in Bertrandrivalry firms    See Answer
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