Compute the set of production equilibrium strategies for

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Reference no: EM133440557

Question: suppose an industry where two firms (firm 1 and 2) compete on quantity sequentially, where firm 1 makes its choice first.
Suppose further that the total demand is Q=100-0.5P, and that the costs of firm 1 and 2 are
C1(Q1)=10Q1
C2(Q2)=20Q2
Compute the set of production equilibrium strategies for the two firms.(just the calculation no need for explanation)

Reference no: EM133440557

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