Suppose a bertrand oligopoly market structure consists of 8


Suppose a Bertrand oligopoly market structure consists of 8 firms and their TC = 45,000=200Q and Q=150-P/4.

a. find the equilibrium level of output

b. determine the equilibrium market price

c. determine the profits for each firm.

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Business Economics: Suppose a bertrand oligopoly market structure consists of 8
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