Determine equilibrium price and output level in the market

Reference no: EM13694626

Consider a Bertrand oligopoly consisting of four firms that produce an identical product at a marginal cost of $260. The market demand for this product is P=800-4Q. Determine the equilibrium level of output in the market.

Determine the equilibrium price and output level in the market.

Determine the profits of each firm.

Reference no: EM13694626

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