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nadya68 [22]
3 years ago
14

In a Cournot duopoly, we find that Firm 1's reaction function is Q1 = 50 - 0.5Q2, and Firm 2's reaction function is Q2 = 75 - 0.

75Q1. What is the Cournot equilibrium outcome in this market?A) Q1 = 20 and Q2 = 60B) Q1 = 20 and Q2 = 20C) Q1 = 60 and Q2 = 60D) Q1 = 60 and Q2 = 20
Business
1 answer:
ElenaW [278]3 years ago
4 0

Answer:

A) Q1 = 20 and Q2 = 60

Explanation:

Please find the attached file with the solution.

Download docx
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