Calculate every step please!!! Firm A with total cost function CA = 60qA andFirm B with total cost function CB = 80qB are theonly suppliers of a product that has marketdemand P = 280 – Q. Under Cournot Duopoly theequilibrium price equal to

Given : P=280-Q where Q=qA+qB Profit= Total Revenue- Total cost Total cost of Firm A is CA=60qA and…

Firm A with total cost function CA = 60qA and Firm B with total cost function CB = 80qB are the %3D only suppliers of a product that has market demand P = 280 – Q. Under Cournot Duopoly the equilibrium price equal to

Firm A with total cost function CA = 60qA and Firm B with total cost function CB = 80qB are the %3D only suppliers of a product that has market demand P = 280 – Q. Under Cournot Duopoly the equilibrium price equal to

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Calculate every step please!!!

Firm A with total cost function CA = 60qA and
Firm B with total cost function CB = 80qB are the
only suppliers of a product that has market
demand P = 280 – Q. Under Cournot Duopoly the
equilibrium price equal to

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