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

Survey of Economics (MindTap Course List)

9th Edition

ISBN:9781305260948

Author:Irvin B. Tucker

Publisher:Irvin B. Tucker

Chapter9: Monopolistic Competition And Oligoply

Section: Chapter Questions

Problem 19SQ

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