s each firm's marginal cost is $0.28 per unit? e Cournot-Nash equilibrium occurs where q; equals and 92 equals (Enter numeric responses using real numbera rounded to two decimal places.) rthermore, the equilibrium occurs at a price of S (Round your answer to the nearest penny.)
s each firm's marginal cost is $0.28 per unit? e Cournot-Nash equilibrium occurs where q; equals and 92 equals (Enter numeric responses using real numbera rounded to two decimal places.) rthermore, the equilibrium occurs at a price of S (Round your answer to the nearest penny.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![What is the homogeneous-good duopoly Cournot equilibrium if the market demand function is
Q= 1,800 - 1,000p.
and each firm's marginal cost is $0.28 per unit?
The Cournot-Nash equilibrium occurs where q, equals
and 92 equals (Enter numenic responses using real numbers rounded to two decimai places.)
Furthermore, the equilibrium occurs at a price of $
(Round your answer to the nearest penny.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c950358-f7fb-4287-bdfc-d9685be7a13e%2F87fc10e7-4f63-45c6-9351-0f77677e9a12%2F2featd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the homogeneous-good duopoly Cournot equilibrium if the market demand function is
Q= 1,800 - 1,000p.
and each firm's marginal cost is $0.28 per unit?
The Cournot-Nash equilibrium occurs where q, equals
and 92 equals (Enter numenic responses using real numbers rounded to two decimai places.)
Furthermore, the equilibrium occurs at a price of $
(Round your answer to the nearest penny.)
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