10- Suppose there are two

10- Suppose there are two

10- Suppose there are two firms A and B in the market and the market demand is P = 50 – Q, where P is the price per unit and Q is the total quantity produced by the two firms (the sum of QA and QB ). The marginal cost of producing the product is $10 for both firms and fixed costs are zero. Determine what would be the price if both firms would produce at the Cournot equilibrium

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