Suppose that identical duopoly firms have constant marginal costs of $20 per unit. Firm 1 faces a demand function of q₁ = 110-2p1 + p2, where q1 is Firm 1's output, p1 is Firm 1's price, and p2 is Firm 2's price. Similarly, the demand Firm 2 faces is 92 110-2p2 + p1. What is Firm 1's profit under the Nash-Bertrand equilibrium, assuming no fixed costs? =

A new vaccine offers protection against otitis media. Administering the vaccine to 10,000,000 children under age 5 would reduce otitis media cases from 14,000,000 to 11,000,000. The vaccine costs $100 per patient. What is the cost per case avoided? Round your answer to the nearest unit. Enter a numeric value as a non-numeric value will be converted to 0 thus potentially making your answer wrong. Do not enter a comma or any other sign for the same reason. I

What are some ways drug use has changed from early times to modern times ?  What are some predictors of increased or decreased drug use in society ?

What does price elasticity of demand mean for insurance companies and medical providers for making a decision?