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, the market output is
A. 40
B. 50
C. 60
D. 70
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Financial Accounting
Authors: Jan Williams, Mark Bettner, Joseph Carcello
18th Edition
1260247945, 9781260247947
