Kate and alice are small-town ready-mix concrete duopolists, Microeconomics

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Kate and alice are small-town ready-mix concrete duopolists

Kate and Alice are small-town ready-mix concrete duopolists. The market demand function is Qd = 20,000 - 200P, where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $80 per cubic yard. The Cournot model describes the competition in this market. What is the amount of the deadweight loss?

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Microeconomics: Kate and alice are small-town ready-mix concrete duopolists

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Microeconomics: Kate and alice are small-town ready-mix concrete duopolists

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