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Consider a homogeneous-good Cournot duopoly where both (of two) firms have a constant marginal cost, m, and the market inverse demand function is pea -bQ.
Consider a homogeneous-good Cournot duopoly where both (of two) firms have a constant marginal cost, m, and the market inverse demand function is pea -bQ. What is the Nash-Cournot equilibrium output of a typical firm? What is the corresponding equilibrium price? The Nash-Cournot equilibrium output for a typical firm is q(Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.p., a fraction can be created with the / character.)
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