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Title: Suppose two Cournot duopolist firms operate at zero marginal cost. The market demand is p = a - bQ. ...
Post by: pirex on Oct 19, 2017
Suppose two Cournot duopolist firms operate at zero marginal cost. The market demand is p = a - bQ. Firm 1's best-response function is
A) q1 = (a – bq2)/2b.
B) q1 = (a - 2bq2)/2b.
C) q1 = a/b.
D) q1 = a/2b.


Title: Re: Suppose two Cournot duopolist firms operate at zero marginal cost. The market demand is p = a - ...
Post by: TecShdw on Oct 19, 2017
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