The Nash Equilibrium of the Cournot Game in Which Two $P ( Q ) = 300 - 3 Q$

question 21

Multiple Choice

The Nash equilibrium of the Cournot game in which two identical firms face market demand $P ( Q ) = 300 - 3 Q$ and have costs $C \left( q _ { i } \right) = 50 q _ { i }$ is given by $q _ { 1 } ^ { * } = q _ { 2 } ^ { * } =$

• A)50.0.
• B)41.7.
• C)31.5.
• D)27.8.

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