Hi there,

Please help me with the following scenario:

there are two suppliers A/B.

The monthly demand functions:

Q₁= 450 - 2P₁ +P₂

Q2= 450 - 2P₂ +P₁

How would supplier A's inverse demand function be expressed? If P₁ was expressed in terms of Q₁ and Q₂.

lets say the marginal costs of production are R60 per unit

Fixed costs also equal zero.

thanks