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प्रश्न
In Cournot equilibrium with two firms and zero marginal cost, each firm supplies what fraction of market demand?
पर्याय
1/2
1/3
1/4
1/4 total
MCQ
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उत्तर
1/3
Explanation:
Equilibrium results in each firm supplying 1/3, with 1/3 of market unsupplied due to reaction process.
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