Question: 3. Consider the Cournot duopoly with the demand function D(p) = 10 -p if p 10 and 0 if p > 10. The firms' marginal


3. Consider the Cournot duopoly with the demand function D(p) = 10 -p if p 10 and 0 if p > 10. The firms' marginal costs functions are constant, MC,(q) = co i =1,2, where c, > C2. Is the following statement true or false? Explain. "Firm 2 produces more than firm 1 in the equilibrium, that is, q2" > q1"."
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