Question
Oligopoly market with 4 firms market demand P=a-Q such that Q=q1+q2+q3+q4 q represents output chosen by i-th firm for i=1,2,3,4 Each firm has same marginal
Oligopoly market with 4 firms
market demand P=a-Q such that Q=q1+q2+q3+q4
q represents output chosen by i-th firm for i=1,2,3,4
Each firm has same marginal cost of production given as c.
Find out how each firm produces given firm 1&2 simultaneously chose q1 & q2. Observing q1 & q2 firms3 & 4 choose q3 & q4.
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Business Law
Authors: Henry Cheeseman
8th Edition
0133130649, 9780133130645
