What is the duopoly Nash-Cournot equilibrium if the market demand function is Q = 1,000 - 1,000p,

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What is the duopoly Nash-Cournot equilibrium if the market demand function is Q = 1,000 - 1,000p, and each firm’s marginal cost is $0.28 per unit?

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Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

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Question Posted: Nov 12, 2018 07:28 AM

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What is the duopoly Nash-Cournot equilibrium if the market demand function is Q = 1,000 - 1,000p,

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The inverse demand curve is p 1 0001Q The first firms profit is p 1 1 0001q 1 q 2 q 1 028q 1 Its ...View the full answer

Microeconomics

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