Business, 09.11.2019 03:31 lashaeperson

Consider 2 firms selling fertilizer competing as cournot duopolists. the inverse demand function facing the fertilizer market is p = 1 − where = + for simplicity, assume that the long-run marginal cost for each firm is equal to ¼, i. e. c(q)=¼q for each firm. find the cournot nash equilibrium where the firms choose output simultaneously.

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Consider 2 firms selling fertilizer competing as cournot duopolists. the inverse demand function fac...

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