Find the cournot equilibrium price quantity reaction


The market demand curve for a pair of duopolists is given as P = 36 - 3 Q , where Q = Q 1 + Q 2. The constant per unit marginal cost is 18 for each duopolist. Find the cournot equilibrium price, quantity, reaction function, profit function, profit & show graphically the cournots Equilibrium.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Find the cournot equilibrium price quantity reaction
Reference No:- TGS02871918

Expected delivery within 24 Hours