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Calculate the price and quantity an Airline would select if it were a Cournot Duopoly . TC = 10 + 4Q. Demand is P=20- 2Q,

Calculate the price and quantity an Airline would select if it were a Cournot Duopoly.

TC = 10 + 4Q. Demand is P=20- 2Q,

iWhat is price and quantity for the Cournot Duopoly? Note that there are two firms, provide the price and quantity for each firm.

iiWhat is the profit for the Cournot Duopoly? Note that there are two firms, provide the profit for each firm.

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