Let us assume that in Region XYZ, there are only 2 hospitals available and that they act

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Let us assume that in Region XYZ, there are only 2 hospitals available and that they act as Cournot duopolists.

MC₁ = MC₂ = 10

Market demand Q = 100-0.5p

(a) Compute for the best response functions of each hospital.

(b) Compute for the best output level for each.

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Dec 01, 2022 03:09 AM

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Let us assume that in Region XYZ, there are only 2 hospitals available and that they act

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Microeconomics An Intuitive Approach with Calculus

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