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The Competitive Firm
- Price taker
- Market output (Q) and firm output (q)
- Market demand (D) and firm demand (d)
- R(q) is straight line Demand and Marginal Revenue Faced by Competitive Firm
- The competitive firm's demand
- Profit Maximization
Ask questiowhat are the importance of the branches of economics
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Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
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