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Two firms compete to sell a homogenous good in a market characterized by a demand function...

Two firms compete to sell a homogenous good in a market characterized by a demand function Q = 250 – 1/4P. Each firm has the same cost function at C(Q) = $200Q. Use this information to compare the output levels and profits in settings characterized by Cournot, Stackelberg, Bertrand, and Collusive behavior.

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