Plot the reaction functions to scale on a graph

Reference no: EM131072285

The reaction functions for two firms A and B in a duopoly are given by: QA = 104 - 2QB and QB = 80-4QA.

(a) Plot the reaction functions to scale on a graph.

(b) Solve the two reaction functions for the equilibrium output produced by each.

Reference no: EM131072285

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