find the output and profit for each in a nash equilibrium

Reference no: EM13695960

An industry contains two firms, one whose cost function is c(y1)=y1^2 and another whose cost function is c (y2)=30y^2. The demand function they face is p=(120-(y1+y2)) a) find the output and profit for each in a nash equilibrium. b) Find total output if they collude.

Reference no: EM13695960

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