Output is homogenous and the demand curve is p 448 minus q, Ask an Expert

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Output is homogenous and the demand curve is P = 448 − Q. There are two firms with identical costs given by C = q2 i where qi is the production of firm i.

The marginal cost of firm i is MCi(qi) = 2qi .

(a) Find the Cournot equilibrium firm outputs. (b) Find the Stackelberg equilibrium firm outputs.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707550

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