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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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
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