The market demand curve for a pair of Cournot duopolists is given as P = 36 -
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The market demand curve for a pair of Cournot duopolists is given as P = 36 - 3Q, where Q = Q1 + Q2. The constant per unit marginal cost is 18 for each duopolist. Find the Cournot equilibrium price, quantity, and profits.
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P 1 36 3Q 36 3 Q 1 Q 2 36 3 Q 2 3 Q 1 MR 1 36 3 ...View the full answer
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