The demand is homogenous product, Cournot duopoly is P=100 -2(Q1+Q2) and the costs are C1=20Q1 and C2=15Q2 1. Determine the reaction function of each firm II. Calculate each firm's equilibrium output. III. Calculate market price. note : do it word form inverse market

The demand is homogenous product, Cournot duopoly is P=100 -2(Q1+Q2) and the costs are C1=20Q1 and C2=15Q2 1. Determine the reaction function of each firm II. Calculate each firm's equilibrium output. III. Calculate market price. note : do it word form inverse market

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter11: Price And Output Determination: Monopoly And Dominant Firms

Section: Chapter Questions

Problem 4E

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