Question
This a Cournot and Stackelberg Question. p(q1,q2) = 48-q1-q2 MC of firm 1 = 12 MC of firm 2 =2 a. What is the equilibrium
This a Cournot and Stackelberg Question.
p(q1,q2) = 48-q1-q2
MC of firm 1 = 12
MC of firm 2 =2
a. What is the equilibrium market price if both firms move simultaneously?
b. What is the equilibrium strategy profile is firm 1 chooses first and firm 2 chooses after observing firm 1's quantity? (Stackelberg)
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Reimagining Capitalism In A World On Fire
Authors: Rebecca Henderson
1st Edition
1541730151, 9781541730151
