Solve it correctly please. I ll rate accordingly. Explain well and typed answer only. Consider Cournot duopolists facing demand P=50-Q. Both firms’ total costs are equal to 15q. Find price and profits for the two firms in equilibrium.

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter13: Between Competition And Monopoly
Section: Chapter Questions
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Solve it correctly please. I ll rate accordingly. Explain well and typed answer only.

Consider Cournot duopolists facing demand P=50-Q. Both firms’ total costs are equal to 15q.

Find price and profits for the two firms in equilibrium.

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