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Market demand curve for a pair of Cournot duopolist is given as P = 36-3Q where...

Market demand curve for a pair of Cournot duopolist is given as P = 36-3Q where Q = q1 + q2. The constant per unit marginal cost is 18 for each firm. Find the best response function for each firm, the Cournot equilibrium price and market quantity. What is the Cournot Lerner Index?

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Rahul Sunny answered 7 months ago
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