Each firm has a marginal cost of 60 per unit a what is the
Duopoly quantity-setting firms face the market demand
p=150-q1-q2
Each firm has a marginal cost of $60 per unit.
A. What is the Cournot equilibrium?
B. What is the Stackelberg equilibrium when Firm 1 moves first?
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where Q is quantity, p is the price, and A is its level of advertising. Its marginal cost of production is constant at $10, and its cost of a unit of advertising is $1.
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