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2 firms Demand functions: QA = 120 – 2PA + PB Cost Structure: AC = MC = 20 Calculate PA, QA and Profits for firm A.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

2 firms Demand functions: QA = 120 – 2PA + PB

Cost Structure: AC = MC = 20

Calculate PA, QA and Profits for firm A.

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