Business
Business, 23.04.2020 18:57, HyperZ

How would the Cournot equilibrium change in the airline example if American's marginal cost were $8080 and United's were $160160? The demand the duopoly quantity-setting firms face is Qequals=339minus−p with an inverse demand function of pequals=339339minus−11q Subscript Upper AqAminus−11q Subscript Upper UqU, where q Subscript Upper AqA is the quantity produced by American and q Subscript Upper UqU is the quantity produced by United.

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How would the Cournot equilibrium change in the airline example if American's marginal cost were $80...

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