Business
Business, 19.12.2019 20:31, enrique710

In a cournot duopoly, we find that firm 1's reaction function is q1 = 50 - 0.5q2, and firm 2's reaction function is q2 = 75 - 0.75q1. what is the cournot equilibrium outcome in this market? a) q1 = 20 and q2 = 60b) q1 = 20 and q2 = 20c) q1 = 60 and q2 = 60d) q1 = 60 and q2 = 20

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In a cournot duopoly, we find that firm 1's reaction function is q1 = 50 - 0.5q2, and firm 2's react...

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