Suppose There Are Two Hospitals in the Market

question 12

Multiple Choice

Suppose there are two hospitals in the market.The inverse demand for Hospital 1 is P = 100 - 2Q and the inverse demand for Hospital 2 is P = 100 - Q.What is the inverse market demand?

• A)P = 100 - 3Q
• B)P = 200 - 3Q
• C)P = 100 - 2 / 3Q
• D)P = 200 - 1 / 3Q

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