Consider a market with inverse demand pq ab-q assume there, Business Economics

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Consider a market with inverse demand pq ab-q assume there

Consider a market with inverse demand P(Q) = ab-Q. Assume there are two firms each with cost function C(q) = cq^2 .

(a) Find the Cournot equilibrium output per firm, and the Cournot price.

(b) Compute the equilibrium profit per firm.

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Business Economics: Consider a market with inverse demand pq ab-q assume there

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Business Economics: Consider a market with inverse demand pq ab-q assume there

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