3) Two firms, a and b, in a Cournot oligopoly face the inverse demand function p...

3) Two firms, a and b, in a Cournot oligopoly face the inverse demand function p = 25 – Q. Their cost function is c (q_i) = 0.5*q_i for i = a, b. Calculate the profit maximizing price output combination. (3)

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Rahul Sunny answered 1 month ago

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