an oligopolistic market there are two identical firms facing a market demand P=11-Q where Q is total demand. if costs of the firms is given by c(q)=q for both firms, find the equilibrium quantity in cournot setting and stackleberg quantity leadership setting.

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Oligopoly
Section: Chapter Questions
Problem 2CQQ
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In an oligopolistic market there are two identical firms facing a market demand P=11-Q where Q is total demand. if costs of the firms is given by c(q)=q for both firms, find the equilibrium quantity in cournot setting and stackleberg quantity leadership setting.

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