28-05-2022
Business

contestada

determine if Pepsi and Coca Cola are a duopoly

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sayirtaylor sayirtaylor

08-06-2022

Answer:

The soft drink industry is a duopoly with differentiated products. Two firms, Coca-cola and Pepsi, compete through Cournot quantity-setting competition. Denote the quantity that Coca-cola and Pepsi produce by Q1 and Q2, respectively. The demand curve for the industry is P = 10 – Q1 – 2Q2.

Explanation:

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