An industry has two firms. They face an inverse demand function P=200-4Q and a constant unit cost of Rs.8.0. The Cournot duopoly equilibrium price (P) and Quantity (Q) will be 1. 8, 48 respectively 2. 72, 32 respectively 3. 104, 24 respectively 4. 8, 24 respectively
An industry has two firms. They face an inverse demand function P=200-4Q and a constant unit cost of Rs.8.0. The Cournot duopoly equilibrium price (P) and Quantity (Q) will be 1. 8, 48 respectively 2. 72, 32 respectively 3. 104, 24 respectively 4. 8, 24 respectively
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter13: best-practice Tactics: Game Theory
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
Transcribed Image Text:An industry has two firms. They face an inverse demand function P=200-4Q
and a constant unit cost of Rs.8.0. The Cournot duopoly equilibrium price (P)
and Quantity (Q) will be
1.
8, 48 respectively
2.
72, 32 respectively
3.
104, 24 respectively
4.
8, 24 respectively
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