Two firms in CouruotCompetition.Marginalpraducecost for both =0döffrenciated pnoductsFirms have the following inversedemandfunctionPi=1-4p2=1-92-वेCournd reacthon functiouand m dicaramcebedhy.anda Derive therepresend themతంయిమ ు6)Derive theand pofits.Carmot eaubbrum gautitien.Arker

P1=1-q1-1/2q2 P2=1-q2-1/2q1 MC=0

Two firms in Cournot Competntion n. Macgead Firms cost for both =0 produce diffrenctuted moduts. Firms have the fellowing fnverse demand function P= \ -«\- है६८ Pi=l-qu and a Derive the Land represest them diocromeded Courned reacthion Sundfous 6) Derine thhe Carmot eaubbrm gaudtities, Arker Land profits.

Two firms in Cournot Competntion n. Macgead Firms cost for both =0 produce diffrenctuted moduts. Firms have the fellowing fnverse demand function P= \ -«\- है६८ Pi=l-qu and a Derive the Land represest them diocromeded Courned reacthion Sundfous 6) Derine thhe Carmot eaubbrm gaudtities, Arker Land profits.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter24: Price-searcher Markets With High Entry Barriers

Section: Chapter Questions

Problem 12CQ

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