Find the equations of the best response functions of each


Consider a duopoly for a homogeneous product with demand Q = 10 – p/2.

Each firm’s cost function is given by C = 10 + q (q + 1).

1. Find the equations of the best response functions of each firm

2. Determine the values of the Cournot equilibrium.

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Business Economics: Find the equations of the best response functions of each
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