In our examination of the upstream and downstream monopolists we derived expressions for the total output produced.
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In our examination of the upstream and downstream monopolists we derived expressions for the total output produced. What are the appropriate expressions for the equilibrium prices, p and k?
1. Suppose that we have two firms that face a linear demand curve p(Y) = n - bY and have constant marginal costs,
c, for each firm. Solve for the Cournot equilibrium output.
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Related Book For 
Intermediate Microeconomics A Modern Approach
ISBN: 9780393927023
7th Edition
Authors: Hal R. Varian
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