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    cournot duopoly

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    GIVEN: TC(qi)=5 qi+10, i=12 P(Q)=20-2Q

    ASSUME: a cournot duopoly where Q=q1+q2

    DEMONSTRATE: the total output is less than the competitive output but more than the monopoly; the duopoly price is more than the competitive price but less than the monopoly; the total profits are more for the duopoly than the competitive profits but less than the monopoly profits.

    © BrainMass Inc. brainmass.com December 15, 2022, 5:42 pm ad1c9bdddf
    https://brainmass.com/economics/output-and-costs/question-industrial-organization-99231

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    It is a question from industrial organization
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    GIVEN: TC(qi)=5 qi+10, i=12 P(Q)=20-2Q

    ASSUME: a cournot duopoly where Q=q1+q2

    DEMONSTRATE: the total output is less than the competitive output but more than the monopoly; the duopoly price is more than the ...

    Solution Summary

    This job assesses cournot duopoly. The total output for competitive outputs are determined.

    $2.49

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