Question

Suppose that identical duopoly firms have constant marginal costs of $10 per unit. Firm 1 faces a demand function of q1=100-2p1+p2 where p and q denote price and quantity and subscripts denote firm 1 and 2. Similarly, firm 2 faces q2=100-2p2+p1. Solve for Nash-Bertrand Equilibrium.

Answer 1

Answer

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Step-by-step explanation:

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