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Solve clearly 25. Cournot game revisited In a duopoly market, let the inverse demand curve be a p(q) = 1+bo where O=qi+q, denotes aggregate output,

Solve clearly

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25. Cournot game revisited In a duopoly market, let the inverse demand curve be a p(q) = 1+bo where O=qi+q, denotes aggregate output, and a, b >0. Let average and marginal cost be c, with Occa. a. Find the best-response functions. Interpret. b. For what value of q, is the slope of firm I's best-response function equal to zero? c. Find the equilibrium outputs

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