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
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
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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