Question
The market demand curve for a pair of Cournot duopolists is given as P = 24 3 Q , where Q = Q 1 +
The market demand curve for a pair of Cournot duopolists is given as P = 24 3Q, whereQ=Q1+Q2. The constant per unit marginal cost is 15 for each duopolist. Find the Cournot equilibrium price, total quantity, and total profits.
Please find the equilibrium price, quantity and profit
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International Trade
Authors: John McLaren
1st edition
0470408790, 978-0470408797
