Assume there is a duopoly with the following demand
Assume there is a duopoly with the following demand equations Q1=30-P1+P2 and Q2=30-P2+P1. Marginal cost are given as MC1=6, MC2=0. Calculate the Bertrand solution. What are the reaction curves?
What is price, quantity and revenue for each firm.
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assume there is a duopoly with the following demand equations q130-p1p2 and q230-p2p1 marginal cost are given as mc16
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