Two firms compete under cournot competition with constant, Ask an Expert

Economics

Two firms compete under Cournot competition with constant marginal costs c1 = 2 and c2 =6. The market demand is p=24-q.

a) Compute the market share of each firm, the market price, and the total quantity produced in the market.

c) Compute the Lerner index.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91407594

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