Question: 1. Two rms, 1 and 2, simultaneously decide on quantities to sell on the market, q1 and (12. Each rm receives the price determined by

1. Two rms, 1 and 2, simultaneously decide on quantities to

1. Two rms, 1 and 2, simultaneously decide on quantities to sell on the market, q1 and (12. Each rm receives the price determined by the inverse demand function p= a+(q1 +q2), where a > 0 and B CL. Each rm knows its own costs but not its rival's. Find all Bayesian Nash equilibria

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