If firm 1 and firm 2 are the oligopolistic firms in bottled spring water production in Nomansland. The market demand is given by ? = 5000 − 20?, Qd is the number of kilolitres demanded per month while P is the price of kilolitres of bottled water. The marginal cost of a kilolitre of bottled water is R10. How do I Find the Cournot equilibrium quantities and price? and how do I Find the Cournot profits and the monopolist profits?
If firm 1 and firm 2 are the oligopolistic firms in bottled spring water
production in Nomansland. The market demand is given by ? = 5000 −
20?, Qd is the number of kilolitres demanded per month while P is the
kilolitres of bottled water. The marginal cost of a kilolitre of bottled water is R10.
How do I Find the Cournot equilibrium quantities and price? and how do I Find the Cournot profits and the monopolist profits?
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For above question how would I calculate the
the welfare effects of the above market structures? If firms have same marginal costs of R10 and the same market demand given above. How would we Find the Cournot quantities, prices, and profits at equilibrium?
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