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Determine the nash equilibrium output for firm

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Two firms engage in Cournot competition. They face a market demand function of 100-P. Firm 1 has a cost function C1(Q1) = 10+2Q1 and firm 2 has a cost function of C2(Q2)=5+Q2. Determine the Nash equilibrium output for each firm.

Reference no: EM131687292

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