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 - 112-41-0.542 The inverse demand for Firm 2 is P2 - 130 - 42 -0.591 Each firm has a marginal cost of m= $1 per unit. Solve for the Nash-Cournot equilibrium quantities. The Coumot equilibrium quantities are 9,-units and 92 units (Enter your responses rounded to two decimal places)
