Question:
An industry has two firms. They face an inverse demand function P=200-4Q and a constant unit cost of Rs.8.0. The Cournot duopoly equilibrium price (P) and Quantity (Q) will be
An industry has two firms. They face an inverse demand function P=200-4Q and a constant unit cost of Rs.8.0. The Cournot duopoly equilibrium price (P) and Quantity (Q) will be
Updated On: Mar 7, 2024
- 8, 48 respectively
- 72, 32 respectively
- 104, 24 respectively
- 8, 24 respectively
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The Correct Option is B
Solution and Explanation
The correct answer is (B) : 72, 32 respectively.
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