and for Firm 2 is P₂ = 100-92-0.5q₁. marginal cost of m= $1 per unit. Solve for the Nash-Cournot equilibrium quantities. ilibrium quantities are Onses rounded to two decimal places.) 91 = 92 units units.
and for Firm 2 is P₂ = 100-92-0.5q₁. marginal cost of m= $1 per unit. Solve for the Nash-Cournot equilibrium quantities. ilibrium quantities are Onses rounded to two decimal places.) 91 = 92 units units.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter12: Price And Output Determination: Oligopoly
Section: Chapter Questions
Problem 1E
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