Duopoly quantity-setting firms face the market demand ( = 150 - q1 - q2. Each firm has
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( = 150 - q1 - q2.
Each firm has a marginal cost of $60 per unit.
a. What is the Nash-Cournot equilibrium?
b. What is the Stackelberg equilibrium when Firm 1 moves first?
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Related Book For
Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
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