Question: Question 10 0 / 1 pts Consider a Cournot oligopoly model where firms have different costs. Firm 1 has a constant marginal cost of $10

 Question 10 0 / 1 pts Consider a Cournot oligopoly modelwhere firms have different costs. Firm 1 has a constant marginal cost

Question 10 0 / 1 pts Consider a Cournot oligopoly model where firms have different costs. Firm 1 has a constant marginal cost of $10 per unit, whereas Firm 2 has a constant marginal cost of $18 per unit. The market demand curve is given by PP (Q) = 200 - 2Q. Using each firm's best response functions, find the resulting Nash equilibrium. In the answer boxes below, report the individual quantities that Firm 1 and 2 produce in the equilibrium. Equilibrium: Firm 1 produces 1000 units and Firm 2 produces 1000 units.Question 9 0 / 1 pts Consider a Cournot oligopoly model with two firms. Both firms have a constant marginal cost equal to $10 per unit, and compete by setting quantity levels. The market demand curve is given by PP (Q) = 100 - Q. Find the resulting Nash equilibrium. How much profit does each firm get in the equilibrium? (Note that this is the same setup as in Question 8. Also remember that when marginal cost is constant, average cost is also constant and equal to marginal cost) 1,000

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