Business, 06.05.2020 07:33 bryantnaomi6

Suppose that the duopolists Max and Sam face an inverse demand function for apples of P = 100 - 30, where Q = QM + Qs is the total number of apples that reach the market and P is the price of apples. Suppose further that Max's cost function is CM(QM) = 4QM and Sam's cost function is Cs(Qs) = 16Qs. In the Cournot-Nash equilibrium, Sam's production is .

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Suppose that the duopolists Max and Sam face an inverse demand function for apples of P = 100 - 30,...

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