Multiple Choice
Two identical firms compete as a Cournot duopoly.The demand they face is P = 100 − 2Q.The cost function for each firm is C(Q) = 4Q.The equilibrium output of each firm is:
A) 8.
B) 16.
C) 32.
D) 36.
Correct Answer:
Verified
Correct Answer:
Verified
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