Question
An industry has two firms that sell an identical good and the industry faces an inverse demand curve given by p(q)=10000-12Q, where Q=q1+q2. Determine the
An industry has two firms that sell an identical good and the industry faces an inverse demand curve given by p(q)=10000-12Q, where Q=q1+q2. Determine the Nash equilibrium as well as the selling price based on the Cournot model. Suppose that firms one and two have the cost functions C1(q1)=q1+5 and C2(q2)=2q2+4, respectively.
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
