Cournot Problem

question 54

Multiple Choice

Cournot Problem. Consider a Cournot oligopoly with two identical firms. These firms each have constant marginal costs of $10. The market for these firms’ product has demand Q = 100 - P.


-Refer to Cournot Problem.In the Nash Equilibrium,consumer surplus will be

• A) $900
• B) $1800
• C) $2700
• D) $3600

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