Question
Consider a Cournot duopoly with two firms, i=1,2. Suppose the inverse demand for the good is p=90-2Q with Q=q1+q2. The firms have the same constant
Consider a Cournot duopoly with two firms, i=1,2. Suppose the inverse demand for the good is p=90-2Q with Q=q1+q2. The firms have the same constant marginal cost equal to 15. The Nash equilibrium quantity is:
A)none of answers is correct.
B)7.5.
C)25.
D)12.5.
E)15.
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
