Question: QUESTION 5 10 points SaveAnswer Consider the following duolopy market, The firms produce differentiated goods. The demand for good i is q, = 10 -

QUESTION 5 10 points SaveAnswer Consider the following duolopy market, The firms produce differentiated goods. The demand for good i is q, = 10 - 4p,- + p]. Firms do not face any fixed costs. For firm 1, per unit cost of production is 4, for firm 2 per unit cost of production is 2. In the Nash Equilibrium, O Firm 1 and firm 2 set the price equal to 38/3 0 Firm 1 and firm 1 set the price equal to 40/3 0 Firm 1 sets the price equal to 40/3 0 The quantity produced by firm 2 is 38/3

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