Suppose in a Cournot Duopoly That Two Firms, Firm 1 $P = 50 - Q$

question 19

Multiple Choice

Suppose in a Cournot duopoly that two firms, Firm 1 and Firm 2, face market demand $P = 50 - Q$ and both have marginal cost, $M C = \$ 20$ . The equilibrium output for each firm will be

• A) \(Q _ { 1 } = Q _ { 2 } = 7.5\)
• B) \(Q _ { 1 } = Q _ { 2 } = 10\)
• C) \(Q _ { 1 } = Q _ { 2 } = 15\)
• D) \(Q _ { 1 } = Q _ { 2 } = 20\)

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Innovative product users who modify existing products according to their own ideas to suit their specific needs.

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