Question
The market demand curve for a pair of duopolists is P = 68 - 2Q, where Q is the total production of both firms, where
The market demand curve for a pair of duopolists is P = 68 - 2Q, where Q is the total production of both firms, where (QT = Q1 + Q2). Firm 1's cost is TC1 = 20 + 8Q1 while firm 2's cost is TC2 = 8Q2, a. Find the Cournot equilibrium price, quantity, and profits.
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
