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The (inverse) market demand function in a homogeneous product Cournot duopoly is as follows: P = 400 - 4(Q1+ Q2).The total cost functions are TC

The (inverse) market demand function in a homogeneous product Cournot duopoly is as follows: P = 400 - 4(Q1+ Q2).The total cost functions are TC = 250 + 80Q1for firm one and TC = 250 + 100Q2for firm two.What is the reaction function for firm one?

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Q1 = 40 - 0.5Q2

Q1 = 60 - 0.75Q2

Q1 = 30 - 0.25Q2

Q1 = 80 - 0.5Q2

Q1 = 20 - 0.5Q2

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