In a cournot duopoly, we find that firm 1's reaction function is q1 = 50 - 0.5q2, and firm 2's reaction function is q2 = 75 - 0.75q1. what is the cournot equilibrium outcome in this market?
a) q1 = 20 and q2 = 60
b) q1 = 20 and q2 = 20
c) q1 = 60 and q2 = 60
d) q1 = 60 and q2 = 20
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In a cournot duopoly, we find that firm 1's reaction function is q1 = 50 - 0.5q2, and firm 2's react...
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