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

Section: Chapter Questions

Problem 1E

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Question

Note:-

Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.

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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Q. 3
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