Starting with the reaction functions of duopolists a and b, Microeconomics

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Starting with the reaction functions of duopolists a and b

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

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Microeconomics: Starting with the reaction functions of duopolists a and b

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Microeconomics: Starting with the reaction functions of duopolists a and b

Reference No:- TGS0648460

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Microeconomics: Starting with the reaction functions of duopolists a and b

Reference No:- TGS0648460

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