Suppose there are two firms competing as Cournot oligopolists facing the following market demand curve: Q=241/5P where

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Suppose there are two firms competing as Cournot oligopolists facing the following market demand curve: Q=241/5P where Firm#1 has costs given by MC1=20 and Firm #2 has costs given by MC2=20. Find the optimal Cournot outputs and associated profits.

Posted Date: Jun 13, 2024 02:13 PM

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Suppose there are two firms competing as Cournot oligopolists facing the following market demand curve: Q=241/5P where

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