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thanks for any help! Question 2 (Z points) The inverse demand for a homogenous-product Cournot duopoly is P = 80- 2Q where Q=Q1 + Q2.
thanks for any help! 
Question 2 (Z points) The inverse demand for a homogenous-product Cournot duopoly is P = 80- 2Q where Q=Q1 + Q2. The cost structure for the two firms, respectively, are C1(Q1) = 8Q1 and C2(Q2) = 4Q2. (A) Determine the equilibrium output level for the two firms (4 points) (B) Determine the equilibrium market price (3 points) Step by Step Solution
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Investment Science
Authors: David G. Luenberger
1st Edition
0195108094, 978-0195108095
