The kinked demand curve in a duopoly market is defined by
The kinked demand curve in a duopoly market is defined by two equations
P1 = 10.0.75 * Q
P2 = 16-2 * Q
Determine the price and quantity at the kink of demand curve. Using the equation provide calculate and draw the MR curve.
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The kinked demand curve in a duopoly market is defined by two equations P1 = 10.0.75 * Q P2 = 16-2 * Q Determine the price and quantity at the kink of demand curve. Using the equation provide calculate and draw the MR curve.
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