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Business, 28.08.2019 01:20 marshallmattah

You are given the market demand function q = 1000-1000p. and that each duopoly frm's marginal cost is s0.28 per unit, which implies the cost function: c (0.28q assuming no fixed costs for i = 1, 2. the cournot equilibrium quantities are q1 = and q2 = (enter your responses as whole numbers). the cournot equilibrium price is $ (round to the nearest penny). calculate the cournot profits: firm 1 and firm 2 s(round both responses to the nearest cent).

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