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ch9q2 please be clear with each answer Analysts have estimated the inverse market demand in a homogeneous-product Coumot duopoly to be P=1903(Q1+Q2). They estimate costs

ch9q2
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Analysts have estimated the inverse market demand in a homogeneous-product Coumot duopoly to be P=1903(Q1+Q2). They estimate costs to be C1(Q1)=22Q1 and C2(Q2)=34Q2 a. Determine the reaction function for each firm. Firm 1:Q1= Q2 Firm 2:Q2= b. Calculate each firm's equilibrium output Firm 1: Firm 2: c. Calculate the equillibrium market price. d. Calculate the profit each firm earns in equilibrium, Firm 1:\$ Firm 2:\$

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