The two demand functions of two firms are 01 = 50 - 200 P + 100 12
Fantastic news! We've Found the answer you've been seeking!
Question:
The two demand functions of two firms are 01 = 50 - 200 P + 100 12 9 9 g D2 = 500 - 200 Pz + 100 P. 9 9 9 Calculate inverse-demand function for both the froms. ie find price as a function of quantity demanded