Question
The inverse market demand in a homogeneous-product Cournot duopoly is P = 300 - 4( Q 1+ Q 2) and costs are C 1( Q
The inverse market demand in a homogeneous-product Cournot duopoly isP= 300 - 4(Q1+Q2) and costs areC1(Q1) = 60Q1andC2(Q2) = 20Q2.What is the reaction function for firm 1?
Select one:
a.Q1= 28 - 0.5Q2
b.Q1= 36 - 0.5Q2
c.Q1= 30 - 0.5Q2
d.Q1= 24 - 0.5Q2
e.Q1= 32 - 0.25Q2
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Marketing
Authors: John McMurry, Robert Fay
13th Edition
125973806X, 9781259738067
