Equilibium Output in a Cournot Duopoly
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2 identical firms (Cournot Duoploy) with a demand of P=100-2Q and a cost function of
C(Q)=4Q. What is the equilibrium output of each firm? Please show the work.
https://brainmass.com/economics/general-equilibrium/equilibium-output-in-a-cournot-duopoly-147524
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Two equations define a Cournot duopoly with identical firms. First, we have the demand function given by P= A - BQ = A - B(q1 + q2) where q1 is output of firm 1 and q2 is ...
Solution Summary
Equilibium Output in a Cournot Duopoly given demand and cost functions
$2.49