(Cournot Duopoly Revisited) Consider the Cournot duopoly model where the (inverse) demand is P (Q) = a...
Question:
(a) What is the Nash equilibrium if 0 < ci < a/2, i ( (1, 2(for each firm?
(b) What is the Nash equilibrium if 0 < c1 < c2 < a, but 2c2 > a + c1?
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A We have c 1 2 For firm 1 1 TR 1 TC 1 aq 1 q 2 q 1 c 1 q 1 The first order necessary condi...View the full answer
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Related Book For 
Industrial Organization Markets and Strategies
ISBN: 978-1107069978
2nd edition
Authors: Paul Belleflamme, Martin Peitz
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