Question
In a Oligopol there is two companies that produces hetrogene goods and a participating in bertrand compition demand are given with (see picture q1 and
In a Oligopol there is two companies that produces hetrogene goods and a participating in bertrand compition demand are given with (see picture q1 and q2). a>0 in company q1
a) Extract the FOC and show in detail that the best response functions functions are (see picture).
I am a bit stuck on this question, thanks in advance.
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Applied Regression Analysis And Other Multivariable Methods
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
5th Edition
1285051084, 978-1285963754, 128596375X, 978-1285051086
