Determine cournot nash equilibrium

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Companies A and B are two identical companies that produce an item, there are no other companies on the market. The cost functions are respectively CA = 60QA and CB = 60QB, where QA and QB are the firm's output. Market demand faced by the two companies is Q = 300 - P, where QT = QA + QB. Based on this information, complete the following questions:

a. Determine Cournot Nash Equilibrium and calculate the profitability of each company. Complete with pictures

Reference no: EM132559567

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