Question: Consider two firms competing in quantities, with total costs given by TC1 = q1, TC2 = q2. Market demand is p=10-q, where p is the

Consider two firms competing in quantities, with total costs given by TC1 = q1, TC2 = q2. Market demand is p=10-q, where p is the price and q = q1+q2. The profits are:

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8. Why do we select some facts and not others when we want to communicate something to others?

6. How can hidden knowledge guide our actions?

7. How can the models we use have a detrimental effect on others?