The inverse demand for an oligopoly market with an identical product is given by-2.Q+300

he inverse demand for an oligopoly market with an identical product is given by 2 Q+ 300 There are two firms in the market with identical marginal cost 87. let qi and q2 denote the output for firms 1 and 2 respectively. Firm 1 Is profit-maximizing problem is to maximize The outcome of Nash equilibrium of the competitive market will have and q2 = qi = The equilibrium price and the profits of the firms are and = Til = The consumer surplus will be cs The total producer surplus will be