List of top Economics Questions on Oligopoly asked in CUET (PG)

In an oligopolistic market, firm i and firm j have constant marginal cost = c for an identical good. They compete to set prices Pi and Pj. The demand for total market demand Q, where if $P_i > P_j$, the demand for firm i is 0. If $P_i < P_j$, the demand for firm i is Q. If $P_₁ = P_j$, then they share the market equally and hence the demand for firm i is $\frac{Q}{2}$. In equilibrium, the prices of firms i and j are: