Question
Consider a market with the market demand D: P=80-Q, which is served by four Cournot oligopolistic producers (firms) with the constant marginal cost MC= $30
Consider a market with the market demand D: P=80-Q, which is served by four Cournot oligopolistic producers (firms) with the constant marginal cost MC= $30 and no fixed cost.
In Nash equilibrium, profit of each firm is
A. 90
B. 100
C. 110
D. 120
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Financial Accounting
Authors: Jan Williams, Mark Bettner, Joseph Carcello
18th Edition
1260247945, 9781260247947
