question archive You are given the market demand function Q = 3400 - 1000p, and that each duopoly firm's marginal cost is $0
You are given the market demand function Q = 3400 - 1000p, and that each duopoly firm's marginal cost is $0
Subject:EconomicsPrice: Bought3
You are given the market demand function Q = 3400 - 1000p, and that each duopoly firm's marginal cost is $0.28 per unit, which implies the cost function: C(9) = 0.2891 assuming no fixed costs for i = 1, 2. The Cournot equilibrium quantities are 41 (enter your responses as whole numbers).
