Suppose Firm 1 in Country 1 produces Good 1 and Firm 2 in Co
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Suppose Firm 1 in Country 1 produces Good 1 and Firm 2 in Country 2 produces Good 2. Both goods are sold only to consume
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Suppose Firm 1 in Country 1 produces Good 1 and Firm 2 in Country 2 produces Good 2. Both goods are sold only to consumers in other countries. The demand curves for the two goods are q2 =15 + p1 -2p2. q1 15 - 2p1 + p2 Calculate the Bertrand equilibrium assuming that marginal cost is zero. Now suppose that Country 1 and Country 2 each place a export tax on their domestic firms. What are the new equilibrium prices and profits for Firms 1 and 2? $3
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