In: Economics

# In a duopoly market with two identical firms, the market demand curve is: P=50-2Q And the...

In a duopoly market with two identical firms, the market demand curve is: P=50-2Q And the marginal cost and average cost of each firm is constant: AC=MC=2 a. Solve for firm 1’s reaction curve and graph b. Solve for firm 2’s reaction curve and graph c. Solve for each firm’s Q and P in a cournot equilibrium and show on your graph i. What is the profit for each firm?

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##### 5. In a duopoly market with two identical firms, the market demand curve is: P=50-2Q And...
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##### Suppose there are two identical firms A and B facing a market demand P=100-2Q. Both firms...
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##### Assume there is a duopoly. Assume that the market demand is : P=100-2Q       Assume the good...
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