Question: Two companies are producing widgets. It costs the first company q 1 2 dollars to produce q 1 widgets and the second company 0.5q 2
Two companies are producing widgets. It costs the first company q12 dollars to produce q1 widgets and the second company 0.5q22 dollars to produce q2 widgets. If a total of q widgets are produced, consumers will pay 200 – q dollars for each widget. If the two companies want to collude in an attempt to maximize the sum of their profits, how many widgets should each company produce?
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