Business, 30.04.2021 18:30 lejeanjamespete1

(c) Suppose, now, that Grinch's neighbor, Grubb nds a mineral spring that produces mineral water that is just as good as Grinch's water, but that it costs Grubb $6 a bottle to get his water out of the ground and bottle it. Total market demand for mineral water remains as before. Suppose that Grinch and Grubb each believe that the other's quantity decision is independent of his own. What is the Cournot equilibrium output for Grubb

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