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Hi tutors, it is bit tricky dealing with game theory in oligopoly market. There are two firms with the same cost function TC=50+3q. The market

Hi tutors, it is bit tricky dealing with game theory in oligopoly market. There are two firms with the same cost function TC=50+3q. The market demand is given as P=100-3Q where Q=q1+q2.

Compute Cournot Nash equilibrium.

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