There is a differentiated Cournot duopoly. The inverse
A monopolistic firm sells into two markets. The two inverse demand curves are and . Assume that the firm cannot charge different prices in the two markets. Then its total revenue will be
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There would be a potential market failure if a good was
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nonexcludable, but not if it was both excludable and nonrival |
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nonrival, but not if it was both rival and nonexcludable |
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both nonrival and nonexcludable, but not if it was either rival or excludable |
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either nonexcludable or nonrival |
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