Compare output nd profit in setting characterized by cournot

Reference no: EM13231861

Two firms compete in a market to sell a homogenous produce with inverse demand function P = 400 - 2Q. Each firm produces at a constant marginal cost of $50. Use this to compare the output and profits in settings characterized by Cournot, Stackelberg, Bertrand, and collusive behavior

Reference no: EM13231861

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