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What is the cournot reaction function of firm 1 to output

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There are two major producers of corncob pipes in the world. Suppose that the inverse demand function for corncob pipes is described by p = 160 - 4q, where q is total industry output, and marginal costs are zero. What is the Cournot reaction function of firm 1 to the output, q2, of firm 2?

Reference no: EM132500212

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