Assume an oligopoly market with two firms the inverse, Business Economics

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Assume an oligopoly market with two firms the inverse

Assume an oligopoly market with two firms. The inverse demand function and cost functions are as follows: P=150-2(Q1+Q2) and C1=20Q1 and C2=28Q2. Calculate: a. Cournot dupoly equilibrium output, price and profit, b. Stackelberg equilibrium output, price and profit (Pls. show calculations)

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Business Economics: Assume an oligopoly market with two firms the inverse

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Business Economics: Assume an oligopoly market with two firms the inverse

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