Duopoly quantity-seting firms face the market demand p-270-a. Each firm has a marginal.cost of $30 per unit. What is the Cournat equilibrium? The Cournot equilibrium quantities for Firm 1 (4,) and Firm 2 (42) are units and units. (Enter numeric responses using real numbers rounded to two decimal places.)

Duopoly quantity-seting firms face the market demand p-270-a. Each firm has a marginal.cost of $30 per unit. What is the Cournat equilibrium? The Cournot equilibrium quantities for Firm 1 (4,) and Firm 2 (42) are units and units. (Enter numeric responses using real numbers rounded to two decimal places.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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