Two firms compete as a duopoly The demand they face is P = 100 3Q The cost function for each firm is C(Q) = 4Q

Question

Two firms compete as a duopoly. The demand they face is P = 100 – 3Q. The cost function for each firm is C(Q) = 4Q.

Te ~CCQ )=40
MC 2 TC
Comm
Coumot
puig
duopoly hunch’m into fiu demand finetim
well leve
p = 100 – Con t 92 2
Let’s
de bne TR. = Of . = 4 Crav -(4,+9 2) =
TR, = 1009- 912 – 41 92
MR. 2
MY1 400 -2971…
Microeconomics