Question: Consider two firms producing the same good for a common market, where they compete as Cournot duopolists. If firm 1 has the cost function

Consider two firms producing the same good for a common market, where they compete as Cournot duopolists. If firm 1 has the cost function of c(4) = 9 and firm 2 has the cost function of c(92) = 92, what is the Cournot eqilibrium quantity supplied by firm 2 if they choose output simultaneously and their best response function are given by: BR (92) = 91 = 3-1/92 BR (91) 16-191 8/24 7/24 5/24 7/16 = 92

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