Cournot Problem

Multiple Choice

Cournot Problem. Consider a Cournot oligopoly with two identical firms. These firms each have constant marginal costs of $10. The market for these firms’ product has demand Q = 100 - P.


-Refer to Cournot Problem.In the Nash Equilibrium,the deadweight loss will be

A) $300
B) $450
C) $600
D) $900