Calculate cournot prices and quantites

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Reference no: EM131789086

Question: Given Firms in a market face C(Q)= ((Q^2)/3)+2 and market Demand Q^D(P)= 60-p

- -Derive long run values Q* p* Q* n*

- Suppose only one firm faces the same cost and demand structures. What are the monopoly quantinties Pm Qm PiM

- Suppose there are two firms with identical cost and demand structures as above.

- Calculate Cournot Prices and Quantites Q₁c Q₂c Qc Pc Pi₁c Pi₂c.

Reference no: EM131789086

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