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Suppose there are two firms competing in a Cournot style environment (choosing output simultaneously). Sup- pose firm 1 has a cost function C (q) :

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Suppose there are two firms competing in a Cournot style environment (choosing output simultaneously). Sup- pose firm 1 has a cost function C (q) : 2:72 + q, while firm 2 has a cost function C (q) : q2 + 4g. Market demand is given by P (Q) : 150 2Q, where Q : q1 + qz. Find the Cournot equilibrium in this market

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