Find the nash equilibrium

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Reference no: EM13741825

In a two firm market, let the total cost of producing a product be 2Qi, the inverse market demand be given by the function P = 20 - Q and the market quantity be equal to Q = Q1+Q2. Assume firms compete in quantities, what is the quantity for firm 1 that maximizes profits when firm 2 produces 4 units; 6 units; 8 units? Find the Nash Equilibrium.

Reference no: EM13741825

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