Suppose 4 firms compete in a homogeneous-product Cournot oligopoly. If each firm's marginal cost equals $112 and market price elasticity of demand equals -2.25, the profit-maximizing, equilibrium price equals $

Suppose 4 firms compete in a homogeneous-product Cournot oligopoly. If each firm's marginal cost equals $112 and market price elasticity of demand equals -2.25, the profit-maximizing, equilibrium price equals $

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter12: Government And Product Markets: Antitrust And Regulation

Section12.1: Antitrust

Problem 2ST

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