Suppose the inverse demand function for two Cournot duopolists is given by P = 10 – (Q1 + Q2) and their costs are zero. A. What is each firm’s marginal revenue and reaction functions? B. Determine the Cournot equilibrium outputs and equilibrium price. What is the implication of this model?

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A: Referenceshttps://www.sciencedirect.com/science/article/pii/0022053187901098https://www.investopedia…

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