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Two airlines compete flying on the route between San Diego and San Jose. The total monthly...

Two airlines compete flying on the route between San Diego and San Jose. The total monthly market demand for flights on that route is given by P = 580 – Q. The marginal cost to each airline of running a flight on that route is constant at MC = $292. If the 2 airlines compete against each other in a Cournot duopoly, how many flights will each firm run and what will be the resulting market price? Quantity: flights (each) _________ Price: $_______

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