Identify the cournot solution by substituting equation, Macroeconomics

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Identify the cournot solution by substituting equation

Starting with the reaction functions of duopolists A and B, identify the Cournot solution by substituting equation (1) into the equation (2) and solve for QB then the QA.

The reaction function of duopolist A is
QA = (12-QB)/2 (1)

The reaction function of duopolist B is
QB = (12-QA)/2 (2)

Identify the Cournot solution by substituting equation (1) into equation (2) and solve for QB then QA.

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Macroeconomics: Identify the cournot solution by substituting equation

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Macroeconomics: Identify the cournot solution by substituting equation

Reference No:- TGS0870574

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

Q : Discuss which is the commodity of comparative advantage

Q : Discuss what can we learn from the fact

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Macroeconomics: Identify the cournot solution by substituting equation

Reference No:- TGS0870574

Recent Questions Asked Macroeconomics

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