Question: 1. In a Cournot setting, what should be the produced quantity and realized price in a duopoly with firms A and B that is characterized

1. In a Cournot setting, what should be the produced quantity

1. In a Cournot setting, what should be the produced quantity and realized price in a duopoly with firms A and B that is characterized by P=140-Q and constant marginal costs of $20? (Step by step calculation)

2. Use the graph below to answer the following questions (Step by step calculation)

Price ($) 500 400 300 250 200 100 MC MR 5 10 15 20 25 30 35 40 45 50 55 60 Quantity

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