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1. Suppose a market is described by demand P = 100 - 20 and there are...

1. Suppose a market is described by demand P = 100 - 20 and there are two firms engaged in Cournot Competition each with a MC = 10. What is the consumer surplus in this market?

A. 900
B. 1200
C. 1500
D. 1800

P= 100 - 2Q
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Answer #1

correct ans is part A = 900

for explanation please see attachted image.

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