Question: Suppose the inverse demand function for two Cournot duopolists is given by P = 10 -(Q1 + Q2) And their costs are constant (MC=0) 1.

Suppose the inverse demand function for two Cournot duopolists is given

Suppose the inverse demand function for two Cournot duopolists is given by P = 10 -(Q1 + Q2) And their costs are constant (MC=0) 1. What is each firm's MR? 2. What are the reaction functions for the two firms? 3. What are the Cournot equilibrium outputs? 4. What is equilibrium price

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