Exercise 6.6. Consider a duopoly in which companies compete according to Cournot's model. The inverse market demand curv

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answerhappygod
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Exercise 6.6. Consider a duopoly in which companies compete according to Cournot's model. The inverse market demand curv

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Exercise 6.6.
Consider a duopoly in which companies compete according to
Cournot's model. The inverse market demand curve is:
P(Q)=100-Q , where Q=Q1+Q2
and the average and marginal costs of firms are constant and equal
to 40.
Graphically show and comment on all results.
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