LatishaSW759 LatishaSW759

01-07-2024
Business

Answered

The market demand curve for a pair of Cournot duopolists is given as P = 31 − 2Q, where Q = Q1 + Q2. The constant per unit marginal cost is 22 for each duopolist. Find the Cournot equilibrium price, total quantity, and total profits.

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