Each firm has same marginal cost of production given as c. Find out how each firm produces

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Each firm has same marginal cost of production given as c.

Find out how each firm produces given firm 1&2 simultaneously chose q1 & q2. Observing q1 & q2 firms3 & 4 choose q3 & q4.

Oligopoly market with 4 firms

market demand P=a-Q such that Q=q1+q2+q3+q4

q represents output chosen by i-th firm for i=1,2,3,4

Related Book For answer-question

Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Posted Date: Oct 19, 2020 09:39 PM

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Each firm has same marginal cost of production given as c. Find out how each firm produces

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Price theory and applications

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