Question
Consider the Cournot model, the production competition model, where the market demand equation is p=360-q 1 -q 2 , and the firms' marginal costs are
Consider the Cournot model, the production competition model, where the market demand equation is p=360-q1-q2, and the firms' marginal costs are MC1=MC2=60, and there is no fixed cost.
Find the Nash equilibrium (q1, q2).
A.None of the other answers are correct.
B.(120, 120).
C.(100, 100).
D.(90,90).
E.(60, 60
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Comparative International Accounting
Authors: Christopher Nobes, Robert Parker
13th edition
1292081902, 1292081908, 9781292081960 , 1292081961, 978-1292081908
