Two cournot duopolists serve the peoria-dubuque route

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Suppose that two Cournot duopolists serve the Peoria-Dubuque route, and the demand curve for tickets per day is Q=200-2p (so p=100-Q/2). Total costs of running a flight on this route are 700+40q where q is the number of passengers on the flight. Each flight has a capacity of 80 passengers. In Cournot equilibrium, each duopolist will run one flight per day, what will its daily profit be?

Reference no: EM13831527

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