What is the homogeneous- good duopolys Nash- Cournot equilibrium if the market demand function is Q =

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What is the homogeneous- good duopoly’s Nash- Cournot equilibrium if the market demand function is Q = 1,000 – 1,000p and each firm’s marginal cost is $ 0.28 per unit?

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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Question Posted: Nov 13, 2014 03:37 AM

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What is the homogeneous- good duopolys Nash- Cournot equilibrium if the market demand function is Q =

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The inverse demand curve is p 1 0001 Q The first firms profit is 1 1 0001 q 1 q 2 q 1 028 q 1 ...View the full answer

Managerial Economics and Strategy

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