Consider a Cournot duopoly where P = 400 - 4Q1 - 4Q2. The two firms are...

Consider a Cournot duopoly where P = 400 - 4Q1 - 4Q2. The two firms are identical. Each firm treats the other firm’s production quantity as a constant. The marginal cost of production is 16 for every unit. What is the best production level for Firm 1?

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Rahul Sunny answered 1 year ago

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