An industry contains two rms one whose cost function is cq1, Business Economics

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An industry contains two rms one whose cost function is cq1

An industry contains two ?rms, one whose cost function is C(q1) = 30q1 and another whose cost function is C(q2) = q2 2. The inverse demand function for the ?rms’ output is P = 120 − Q, where Q is the total output. What are the ?rms’ outputs in a Nash equilibrium of Cournot’s model?

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Business Economics: An industry contains two rms one whose cost function is cq1

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Business Economics: An industry contains two rms one whose cost function is cq1

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