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(See) The inverse market demand for mineral water is P=200-10 Q, where Q is total market output and P is the market price. Two firms, A and B, have complete

Question: The inverse market demand for mineral water is \(P=200-10 Q\), where \(Q\) is total market output and \(P\) is the market price. Two firms, A and B, have complete control of the supply of mineral water and both have zero costs.

  1. Find the Cournot solution.
  2. Find an identical output for each firm that maximizes joint profits.

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