Question
Two firm face a demand curve, Q=300,000-25,000P for a new product. MC=2. Q= q 1 +q 2 . a. Solve for the Cournot duopoly outcome
Two firm face a demand curve, Q=300,000-25,000P for a new product. MC=2. Q= q1+q2.
a. Solve for the Cournot duopoly outcome if both firms bring the product to market at the same time q1 =q2 =Q =P =. 1 =2 =
b. Firm 1 believes that it can enter the market months before firm 2. Is it worthwhile to do so? Use the Stackelberg model to analyze. q1 =q2= Q =P =. 1 =2 =
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Valuing The Earth, Economics, Ecology, Ethics
Authors: Herman E Daly, Kenneth N Townsend
2nd Edition
0262540681, 9780262540681
