What is boor response function

Reference no: EM13198822

Suppose there are two firms Boors and Cudweiser, each selling identical-tasting nonalcoholic beer. Consumers of this beer have no brand loyalty so market demand can be expressed as P=5-0.001(Qb + Qc) . Boors operates with out of date technology and has constant cost of (MC = AC) $2 per unit where as Cudweiser has constant cost of $1 per unit. What is Boor's response function?

Reference no: EM13198822

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