Two firms are bidding on a contract for future production (they are competing on price). One has cost function C(qA) = 2
Posted: Sun Jun 05, 2022 4:21 pm
Two firms are bidding on a contract for future production (they
are competing on
price). One has cost function C(qA) = 25qA −10. The other has C(qB
) = 25qB .
What type of competition is this? What will the winning price bid
be?
are competing on
price). One has cost function C(qA) = 25qA −10. The other has C(qB
) = 25qB .
What type of competition is this? What will the winning price bid
be?