Suppose that the demand functions for Coke and Pepsi are the same as in Worked-Out Problem 19.2

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Suppose that the demand functions for Coke and Pepsi are the same as in Worked-Out Problem 19.2 but that each firm's cost function is C(Q) = 0.10Q + 0.004(Q2). What are Coke and Pepsi's Nash equilibrium prices? What are their profits?

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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Mar 18, 2016 04:58 AM

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Suppose that the demand functions for Coke and Pepsi are the same as in Worked-Out Problem 19.2

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Nash equilibrium prices and quantities are P Coke 040 Q Coke 25 ...View the full answer

Microeconomics

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