Two Firms Share a Market with Demand Curve Q=90-0

question 71

Multiple Choice

Two firms share a market with demand curve Q=90-0.5P. Each has cost function C(q) =900+q². Suppose that each firm maximizes its profit taking the other firm's production choice as given. What is the quantity supplied in the market?

• A)60
• B)90
• C)45
• D)75

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