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Question 3, Text Exercise 4.1 HW Score: 97.62%, 6.83 of 7 points Part 3 of 4 Points: 0.83 of 1 Duopoly quantity-setting firms face the
Question 3, Text Exercise 4.1 HW Score: 97.62%, 6.83 of 7 points Part 3 of 4 Points: 0.83 of 1 Duopoly quantity-setting firms face the market demand p = 210- Q. Each firm has a marginal cost of $15 per unit. What is the Cournot equilibrium? The Cournot equilibrium quantities for Firm 1 (q, ) and Firm 2 (q2) are 91 = 65 units and 92 = 65 units. (Enter numeric responses using real numbers rounded to two decimal places.) The Cournot equilibrium price is P = $ 80 What is the Stackelberg equilibrium when Firm 1 moves first? The Stackelberg equilibrium quantities when Firm 1 moves first are 91 = units and 92 = units.What is the Stackelberg equilibrium when Firm 1 moves first? The Stackelberg equilibrium quantities when Firm 1 moves first are 91 = 97.5 units and q- = 48.75 units. The Stackelberg equilibrium price is p = $
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