EBK MICROECONOMICS
9th Edition
ISBN: 8220103630955
Author: Rubinfeld
Publisher: PEARSON
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Question
Chapter 12, Problem 6E
(a)
To determine
The cournot-Nash equilibrium and the profit of each firm.
(b)
To determine
The joint profit maximization under the cartelization.
(c)
To determine
Output and profit of firm 1 when it is the only firm.
(d)
To determine
Output and profit of firm 2 when it cheats.
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