Suppose the Market Demand Curve Is Given By $P = 100 - 2 Q$

question 36

Multiple Choice

Suppose the market demand curve is given by $P = 100 - 2 Q$ . If one Cournot duopolist produces $Q _ { 1 } = 10$ , the residual demand curve faced by the other Cournot duopolist is

• A) P = 90 - 2Q₂.
• B) P = 80 - 2Q₂.
• C) Q₂ = 80 - P.
• D) Q₂ = 80 - 2P.

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The accounting principle that income should be recognized in the accounting period in which it is earned, irrespective of when the cash is received.

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