Find the cournot equilibrium outputs

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There are two firms (a and b) that produce identical goods and set outputs simultaneously. Market output then is Q = Qa + Qb. The market clearing price is P = 13 - Q. The firms have identical costsC(Q) = Q. Find the Cournot equilibrium outputs. If instead the firms set outputs sequentially, find the Stackleberg output.

Reference no: EM131388307

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