What is the homogeneous-good duopoly Cournot equilibrium if the market demand function is and each firm's marginal cost is $0.28 per unit? The Cournot-Nash equilibrium occurs where q, equals and 92 equals Q = 10,000-400p, (Enter numeric responses using real numbers rounded to two decimal places.)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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Chapter12: Price And Output Determination: Oligopoly
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What is the homogeneous-good duopoly Cournot equilibrium if the market demand function is
and each firm's marginal cost is $0.28 per unit?
The Cournot-Nash equilibrium occurs where q₁ equals
and 92 equals
Q = 10,000-400p,
(Enter numeric responses using real numbers rounded to two decimal places.)
Transcribed Image Text:What is the homogeneous-good duopoly Cournot equilibrium if the market demand function is and each firm's marginal cost is $0.28 per unit? The Cournot-Nash equilibrium occurs where q₁ equals and 92 equals Q = 10,000-400p, (Enter numeric responses using real numbers rounded to two decimal places.)
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