Two identical rms face the following market demand curve: P=30-Q=30-Q_1-Q_2. Also, each firm faces zero marginal...

Question

Question

Two identical rms face the following market demand curve: P=30-Q=30-Q_1-Q_2.

Also, each firm faces zero marginal cost. Consider Q* the total Cournot quantity produced and P* the optimal Cournot price.

Answer 1

Answer #1

Answer 2

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