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Unformatted text preview: The cost of producing one unit is zero for firm 1 and 30 for firm 2. (a) How much will each firm produce in Nash equilibrium? (b) Calculate the equilibrium price p * and profits for each firm....
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This note was uploaded on 10/26/2010 for the course ECONOMICS ECON 201 taught by Professor Dr.shomubanerjee during the Summer '07 term at Emory.
- Summer '07