Question
There are two firms in the market and they follow
Cournot model. The demand curve faced by them is Q = 180 – P and the marginal cost of producing the good is same for both i.e Rs.30. Calculate the total quantity produced by the firms in the Cournot set up for profit maximizationSolution
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A man’s average income for the first 3 months is 12% of his total income. For the next 6 months the average monthly income was Rs. 25,400. His total i...
