Suppose two firms compete in quantities (Cournot) in a market in which demand is described by: P=260-2Q.

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Suppose two firms compete in quantities (Cournot) in a market in which demand is described by: P=260-2Q. each firm incurs no fixed cost but has a marginal cost of 20.

What is the profit of firm 1 and 2?

Posted Date: Jun 12, 2024 11:03 AM

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Suppose two firms compete in quantities (Cournot) in a market in which demand is described by: P=260-2Q.

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