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Suppose the Market Demand Curve Is Given By P=1002QP = 100 - 2 Q

Question 22

Multiple Choice

Suppose the market demand curve is given by P=1002QP = 100 - 2 Q . If one Cournot duopolist produces Q1=10Q _ { 1 } = 10 , the residual demand curve faced by the other Cournot duopolist is:


A) P=902Q2P = 90 - 2 Q _ { 2 } .
B) P=802Q2P = 80 - 2 Q _ { 2 } .
C) Q2=80PQ _ { 2 } = 80 - P .
D) Q2=802PQ _ { 2 } = 80 - 2 P .

Correct Answer:

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