Question: Part 1 ( 2 points ) Two Cournot duopolists compete in a market with inverse demand given by p = 2 0 9 . 0
Part points
Two Cournot duopolists compete in a market with inverse demand given by where is the perunit price, is the output for firm either firm or firm and Firm has a cost function of and firm has a cost function of Assume no fixed costs.
What is the optimal output for firm
Round to two decimals if necessary.
What is the optimal output for firm
Round to two decimals if necessary.
Part point
What is the equilibrium price in this market? $
Round to two decimals if necessary.
Part points
What is the profit for each firm?
Firm profit: $Round to two decimals if necessary.
Firm profit: $Round to two decimals if necessary.N
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