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There are two major producers of corncob pipes in the world, both located in Herman, Missouri. Suppose that the inverse demand function for corncob pipes

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There are two major producers of corncob pipes in the world, both located in Herman, Missouri. Suppose that the inverse demand function for corncob pipes is described by p = 160 - 3g, where q is total industry output, and marginal costs are zero. What is the Cournot reaction function of firm 1 to the output. q2, of firm 2? 160 - 3q-2 160 - 392 26.67 - .592 53.33 - 392 163 - 692

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