question archive You are given the market demand function Q = 2800 - 1000p, and that each duopoly firm's marginal cost is $0

Subject:EconomicsPrice: Bought3

You are given the market demand function Q = 2800 - 1000p, and that each duopoly firm's marginal cost is $0.07 per unit, which implies the cost function: (9) = 0.070i assuming no fixed costs for i = 1, 2. The Cournot equilibrium quantities are 91 (enter your responses as whole numbers).