Two Identical Firms Compete as a Cournot Duopoly

question 104

Multiple Choice

Two identical firms compete as a Cournot duopoly.The demand they face is P = 100 − 2Q.The cost function for each firm is C(Q) = 4Q.The equilibrium output of each firm is:

• A) 8.
• B) 16.
• C) 32.
• D) 36.

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