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CellBat and DuraBat are the only makers of lawn mower batteries. Their batteries are identical, but CellBat has a marginal cost of $25 per driveway
CellBat and DuraBat are the only makers of lawn mower batteries. Their batteries are identical, but CellBat has a marginal cost of $25 per driveway and DuraBat has a marginal cost of $20. The market inverse demand curve for lawn mower batteries is P = 145 - 0.5Q, where Q is the total output produced by CellBat and DuraBat, qC + qD.How many batteries will each firm produce in Cournot equilibrium?
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