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PLEASE HELP: 4. The firms in a duopoly produce differentiated products. The inverse demand for Firm 1 is p, = 52 - q1 - 0.5q2.
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4. The firms in a duopoly produce differentiated products. The inverse demand for Firm 1 is p, = 52 - q1 - 0.5q2. The inverse demand for Firm 2 is p2 = 40 -q2 - 0.5q1. Each Firm has a marginal cost of $1 per unit. Solve for the Nash-Cournot equilibrium quantitiesStep by Step Solution
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