The firms in a duopoly produce differentiated products. the inverse demand for firm 1 is:
p1 = 52 - q1 - 0.5q2.
the inverse demand for firm 2 is:
p2 = 70 - q2 - 0.5q1.
each firm has a marginal cost of m = $1 per unit. solve for the nash-cournot equilibrium quantities.
the cournot equilibrium quantities are:
q1 = and q2 = units. (enter your responses rounded to two decimal places.)
Answers: 1
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The firms in a duopoly produce differentiated products. the inverse demand for firm 1 is:
p1...
p1...
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