Question: Solve clearly Suppose the inverse demand function for Mo Cournot duopolists is given by, P=10(Q1 + Q2} And their costs are zero. a] What is

Solve clearly Suppose the inverse demand function for Mo Cournot duopolists

Solve clearly

Suppose the inverse demand function for Mo Cournot duopolists is given by, P=10(Q1 + Q2} And their costs are zero. a] What is each firm's marginal revenue? (3 marks} b] What are the reaction functions for the two firms? (4 marks} c} What are the Cournot equilibrium outputs? (5 marks} cl) What is the equilibrium price

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