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.
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 ...
Equilibium Output in a Cournot Duopoly given demand and cost functions