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QUESTION
Two firms compete as a duopoly. The demand they face is P = 100 - 3Q. The cost function for each firm is C(Q) = 4Q.
Two firms compete as a duopoly. The demand they face is P = 100 - 3Q. The cost function for each firm is C(Q) = 4Q.
Te ~CCQ )=40MC 2 TCCommCoumotpuigduopoly hunch'm into fiu demand finetimwell levep = 100 - Con t 92 2Let'sde bne TR. = Of . = 4 Crav -(4,+9 2) =TR, = 1009- 912 - 41 92MR. 2MY1 400 -2971...