A Market Is Served by Two Firms in Cournot Competition

question 64

Multiple Choice

A market is served by two firms in Cournot competition, each with a constant marginal cost of $100. The market inverse demand curve is P = 2,000 - 50Q, where Q is the total market output produced by the two firms, q₁ + q₂. What is Firm 1's reaction function?

• A) q₁ = 19 - 0.5q₂
• B) q₁ = 210 - q₂
• C) q₁ = 400 - 0.2P
• D) q₁ = 400 - 100q₂

Understand the role of school nurses in identifying and planning for health trends within schools.

Comprehend the eligibility and purpose of the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC).

Anticipate the changes in the role of a school nurse when transitioning from a suburban to an inner-city school setting.

Understand the importance of nutritional guidance in managing health conditions such as obesity and hypertension.

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