Consider the Cournot duopoly model when a production total cost function for i-th producer (i = 1,

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Consider the Cournot duopoly model when a production total cost function for i-th producer (i = 1, 2) is nonlinear and of a form: image text in transcribed 0. Determine optimal levels of: the product supply by each producer, the total supply by both producers, an equilibrium price. Analyse how these levels react to changes in values of parameters describing the market: a market capacity, strength of consumers' reaction to changes in a product price, production marginal costs.

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