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I tried once but all of them were incorrect. I would appreciate if you could give the correct answers and the steps Analysts have estimated
I tried once but all of them were incorrect.
I would appreciate if you could give the correct answers and the steps
Analysts have estimated the inverse market demand in a homogeneous-product Cournot duopoly to be P= 170 3 (01 + 02). They estimate costs to be C1(Q1) = 2001 and C2(02) = 32 02. a. Determine the reaction function for each rm. Firm1201= |02 Firm 2: 02 = | 01 b. Calculate each firm's equilibrium output Firm 1: |:| Firm 2: |:| c4 Calculate the equilibrium market price. $l: d. Calculate the profit each rm earns in equilibrium. Firm 1: $ |:| Firm 2: $ |Step by Step Solution
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