Carlos and Yifan compete in Cournot competition. Demand in their market is given by P=144-2Q. Carlos has a constant marginal cost of 8; Yifan has a constant marginal cost of 10. This is a one-shot game. Please enter all answers as numbers to two decimal places (e.g. XX.XX).

What is the prevailing price in the Nash equilibrium of this game?

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To find the Nash equilibrium price in Cournot competition we need to calculate the quan... View the full answer