Firm A and firm B compete in the same market by simultaneous quantity competition. Firms can choose any quantity Q ≥ 0. The inverse market demand curve is P (Q) = 40-2Q. Both firms have cost functions C (Q) = 2Q2, implying a marginal cost function of MC (Q) = 4Q.
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Home » Business » Firm A and firm B compete in the same market by simultaneous quantity competition. Firms can choose any quantity Q ≥ 0. The inverse market demand curve is P (Q) = 40-2Q.