Business, 03.08.2019 04:10 reecce2233

Two firms produce the same good and compete against each other in a cournot market. the market demand for their product is p = 204minus4q, and each firm has a constant marginal cost of $12 per unit. let upper q subscript i be the output produced by firm i, where i = 1,2. then, firm 1's reaction function is

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Two firms produce the same good and compete against each other in a cournot market. the market deman...

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