The firms in a duopoly produce differentiated products. The inverse demand for Firm 1 is The inverse demand for Firm 2 is P₂=70-02-0.501- Each firm has a marginal cost of m=$1 per unit. Solve for the Nash-Coumot equilibrium quantities. The Courot equilibrium quantities are and P₁-52-9₁-0.592 (Enter your responses rounded to two decimal places.) 4₁-units 12-units. 92
The firms in a duopoly produce differentiated products. The inverse demand for Firm 1 is The inverse demand for Firm 2 is P₂=70-02-0.501- Each firm has a marginal cost of m=$1 per unit. Solve for the Nash-Coumot equilibrium quantities. The Courot equilibrium quantities are and P₁-52-9₁-0.592 (Enter your responses rounded to two decimal places.) 4₁-units 12-units. 92
Chapter15: Imperfect Competition
Section: Chapter Questions
Problem 15.5P
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