Determine the reaction function for each, Econometrics

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Determine the reaction function for each

The inverse market demand in a homogeneous-product Cournot duopoly is P = 200 - 3(Q1 + Q2) and costs are C1(Q1) = 26Q1 and C2(Q2)= 32Q2

a. Determine the reaction function for each firm.

b. Calculate each firm's equilibrium output.

c. Calculate the equilibrium market price.

d. Calculate the profit each firm earns in equilibrium

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Econometrics: Determine the reaction function for each

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Econometrics: Determine the reaction function for each

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