An industry contains two firms one whose cost function is, Ask an Expert

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An industry contains two firms, one whose cost function is c(y1)=y1^2 and another whose cost function is c (y2)=30y^2. The demand function they face is p=(120-(y1+y2)) a) find the output and profit for each in a nash equilibrium. b) Find total output if they collude.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91235398

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