Two firms produce with zero marginal cost. Demand satisfies the inverse demand
function P = 100 − Q1 − Q2, where Q1 is firm 1’s output and Q2 is firm 2’s output.
If the 2 firms compete a la Cournot,write down marginal revenues&so derive their reaction function?
- Posted:
- 3+ months ago by nicolemary
- Topics:
- down, write, zero, produce, cost, inverse, economics, maths, microeconomics
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