hale's one-stop gas and auto service compete with Murray's gas and service mart. the local demand...

Question

Question

hale's one-stop gas and auto service compete with Murray's gas and service mart. the local demand is given by P=2.5-0.01Q.

Hale's MC function is MCH: qH=0.35qH

Murray's MC function is MCM: qM=0.3qM

find hale's and Murray's reaction function; then find the Cournot solution. (price and quantities)

Answer 1

Answer #1

Answer 2

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