Find the cournot solution
Question:
Given the reaction function of duopolist A, QA = (12-QB)/2 (1) and the reaction function of duopolist B, QB = (12-QA)/2 (2), find the Cournot solution, that is to find QA and QB by substituting (1) into (2).
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Find the Cournot solution, that is to find QA and QB by substituting (1) into (2).
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