Compute the market share of each firm and market price

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Reference no: EM13837796

Two firms compete under Cournot competition with constant marginal costs c1 = 2 and c2 =6. The market demand is p=24?q.

a) Compute the market share of each firm, the market price, and the total quantity produced in the market.

b) Compute the HHI index.

c) Compute the Lerner index.

Reference no: EM13837796

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