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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International Economics
Authors: Robert Carbaugh
15th edition
1285854357, 978-1305177093, 1305177096, 978-1285854359
