Can you tell whether the Cournot price will be higher or lower under this type of asymmetric

Question:

Can you tell whether the Cournot price will be higher or lower under this type of asymmetric information than it would be under complete information? (Hint: For both the case of a high cost and a low cost type, can you see if overall production is higher or lower in the absence of asymmetric information?)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: