HW_8-9R - b. What are the equilibrium market shares for...

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Homework Set #8-9 Problem 1. Ignore Problem 2. The inverse market demand in a homogeneous product Cournot duopoly is ( 29 2 1 2 280 2 280 q q Q P + - = - = and costs are ( 29 1 1 1 20 q q C = and ( 29 2 2 2 30 q q C = . a. How much output will each firm produce in equilibrium?
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Unformatted text preview: b. What are the equilibrium market shares for these two firms? c. Calculate the equilibrium market price. Problem 3. Text, Chapter 11, Problem C6...
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