13.6. Zack and Andon compete in the peanut market. Zack is very efficient at producing nuts, with...
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13.6. Zack and Andon compete in the peanut market.
Zack is very efficient at producing nuts, with a low marginal cost cZ ! 1; Andon, however, has a constant marginal cost cA ! 10. If the market demand for nuts is P ! 100 " Q, find the Cournot equilibrium price and the quantity and profit level for each competitor.
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