1.

If duopolybehaviour is one that is described by Cournot, the market demandcurve is given by the equation q = 200 − 4p andboth the firms have zero costs, find the quantity supplied by eachfirm in equilibrium and the equilibrium market price.

Answer»

If duopoly
behaviour is one that is described by Cournot, the market demand
curve is given by the equation q = 200 − 4p and
both the firms have zero costs, find the quantity supplied by each
firm in equilibrium and the equilibrium market price.



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