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MrGrimey MrGrimey
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Posts: 336
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6 years ago
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.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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