# 6. There are two Cournot competitors, A & B. Each has total cost o.docx

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6. There are two Cournot competitors, A & B. Each has total cost of 12x, where x is a firm s output, and demand is X = 400 P, where P is market price. The equilibrium for this game is (a.) Both firms produce 119.9 units (b.) Both firms produce 122.2 units (c.) Both firms produce 129.3 units (d.) Both firms produce 135 units 7. Consider the Cournot game in problem 6. What will market price be in equilibrium? (a.) \$239.8 (b.) \$141.3 (c.) \$130 (d.) \$208 6. There are two Cournot competitors, A & B. Each has total

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Unformatted text preview: cost of 12x, where x is a firm s output, � and demand is X = 400 P, where P is market price. The � equilibrium for this game is (a.) Both firms produce 119.9 units (b.) Both firms produce 122.2 units (c.) Both firms produce 129.3 units (d.) Both firms produce 135 units 7. Consider the Cournot game in problem 6. What will market price be in equilibrium? (a.) \$239.8 (b.) \$141.3 (c.) \$130 (d.) \$208...
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