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Cournot equilibrium and duopoly problems in microeconomics

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Reference no: EM132396542

How to do Cournot Equilibrium and duopoly problems in Microeconomics

Duopolist 1 Inverse Demand Function

P1 = 200 - 4q1 - 2q2

SRTC = 5q12 + 500

Duopolist 2 Wants to maintain

1/3 Market share :

Q2 = (q1 + q2 1/3)

What is Optimal Price P1* And Optimal Profit Π1* for duopolist 1

What is (optimal) quantity Q2 for duopolist 2

Reference no: EM132396542

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