Economics Homework Help. ECON 295 Marginal Cost and Market Demand Function Question
I’m trying to learn for my Economics class and I’m stuck. Can you help?
A homogenous-good duopoly faces an inverse market demand function of p=120-Q, where q1+q2=q. Firm 1 has a constant marginal cost of MC1=20. Firm 2’s constant marginal cosr is MC2=30
A. B. C.
