Two firms in the market sell different products, in this case, laptops dell and HP, the...

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Two firms in the market sell different products, in this case, laptops dell and HP, the demand equation for Dell is Pdell ( pdell, PHP)=100-2 Pell+ PHP. The cost of production for Dell is $10 per unit sold. HP has an analogous function PHP(PHP, pdell)=100-2PHP +pdell, but they have a higher cost of production of $30 a unit, find the nash equilibrium that maximizes their profits if they announce their process simultaneously Two firms in the market sell different products, in this case, laptops dell and HP, the demand equation for Dell is Pdell ( pdell, PHP)=100-2 Pell+ PHP. The cost of production for Dell is $10 per unit sold. HP has an analogous function PHP(PHP, pdell)=100-2PHP +pdell, but they have a higher cost of production of $30 a unit, find the nash equilibrium that maximizes their profits if they announce their process simultaneously

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1 Define the profit functions Profit for Dell delldell Pdell Qdell minus 10 Qdellwhere Qdell is the ... View the full answer