Suppose the inverse demand for a duopoly is given by P = 30 – Q. Marginal cost is given by €12. The quantity that each firm will produce in the Cournot equilibrium is   A. 12   B. 6   C. 3   D. 18

Managerial Economics: A Problem Solving Approach
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Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
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Chapter9: Market Structure And Long-run Equilibrium
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  1. Suppose the inverse demand for a duopoly is given by P = 30 – Q. Marginal cost is given by €12.

    The quantity that each firm will produce in the Cournot equilibrium is

      A.

    12

      B.

    6

      C.

    3

      D.

    18

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