Find the symmetric nash equilibrium, Microeconomics

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Find the symmetric nash equilibrium

Problem

Suppose the demand system for Apple iPhone and Samsung Galaxy is:

qA=10-2pA+3pS,qS=10-2pS+3pA

Apple and Samsung each has a constant marginal cost of 5 for each unit of the phone. Suppose they set their prices simultaneously. Find the symmetric Nash equilibrium.

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Microeconomics: Find the symmetric nash equilibrium

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Microeconomics: Find the symmetric nash equilibrium

Reference No:- TGS03288038

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