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The Nash Equilibrium of the Cournot Game in Which Two P(Q)=3003QP ( Q ) = 300 - 3 Q

Question 21

Multiple Choice

The Nash equilibrium of the Cournot game in which two identical firms face market demand P(Q) =3003QP ( Q ) = 300 - 3 Q and have costs C(qi) =50qiC \left( q _ { i } \right) = 50 q _ { i } is given by q1=q2=q _ { 1 } ^ { * } = q _ { 2 } ^ { * } =


A) 50.0.
B) 41.7.
C) 31.5.
D) 27.8.

Correct Answer:

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