https://www.topgradeaccountants.com/wp-content/uploads/2020/07/LOGO-TG1.png 0 0 milton https://www.topgradeaccountants.com/wp-content/uploads/2020/07/LOGO-TG1.png milton2020-07-10 22:41:482020-07-10 22:41:48there are two identical firms (with cost functions C1(Q)=C2(Q)=Q which operate on the market with de
there are two identical firms (with cost functions C1(Q)=C2(Q)=Q which operate on the market with demand P=10-Q, where Q is total quantity on the market, Q=Q1+Q2A. Find the equilibrium Q and P if this industry would be perfectly competitiveB. Find the Cournot equilibrium Q and P for each firm.C. Find the equilibrium Q and P for each firm assuming that the firms collude and share the profit equally.