Two competitors a and b compete on quantity simultaneously


Two competitors A and B compete on quantity simultaneously in a market where demand is described by P = 49 - Q, where Q = A + B. Firm A has production costs C(A) = 17 + 4A + 0.5A^2. Firm B has production costs C(B) = 16 + 5B. What is the Cournot equilibrium quantity for firm B?

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Business Economics: Two competitors a and b compete on quantity simultaneously
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