question archive The firms in a duopoly produce differentiated products
The firms in a duopoly produce differentiated products
Subject:EconomicsPrice: Bought3
The firms in a duopoly produce differentiated products. The inverse demand for Firm 1 is P1 = 112-41 -0.592 The inverse demand for Firm 2 is P2 = 70-92-0.591 Each firm has a marginal cost of m= $1 per unit. Solve for the Nash-Cournot equilibrium quantities. The Cournot equilibrium quantities are 91 - units and 92= units. (Enter your responses rounded to two decimal places.)
