O Consi der Hhe follwing Cournot medel. » The inverse femand funstion is given by p= 30-0 where Q = Et Finm 1s marsimal cost is $6(ai=6). Frm 2 uses a new tachalayy There is no s. that it's mangiual cost ir $3 (c,3). fixed cect * The two fims chonce thir quanti tins simultanecurly and Compete' only Jome). Answer the folloning O Derive Firm 1 md Firm 2i veaition O Solve Hhe Mash equilibium (I", q") O What is He equilibinm price and what is He profit level for eah once. (So its a one- shot simulfanecus questions- fuitions. raspertivab firm.
O Consi der Hhe follwing Cournot medel. » The inverse femand funstion is given by p= 30-0 where Q = Et Finm 1s marsimal cost is $6(ai=6). Frm 2 uses a new tachalayy There is no s. that it's mangiual cost ir $3 (c,3). fixed cect * The two fims chonce thir quanti tins simultanecurly and Compete' only Jome). Answer the folloning O Derive Firm 1 md Firm 2i veaition O Solve Hhe Mash equilibium (I", q") O What is He equilibinm price and what is He profit level for eah once. (So its a one- shot simulfanecus questions- fuitions. raspertivab firm.
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 3P
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