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Economics, Economic Policy
Year 4

How to work a competition/price gauging problem


Two companies with the same product compete a local market. The demand for product A is Q=50-10P.  How much of product A is sold in the market and at what price in both companies?

By OTA:  Mutasem Sinnokrot, PhD

OTA Rating:  4.9/5

Your Price:  $2.19  (original value ~$3.99)

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