Re: Cournot Oligopoly Questions!!!!

Posted by Sumit on May 25, 2013; 12:33pm
URL: http://discussion-forum.276.s1.nabble.com/Cournot-Oligopoly-Questions-tp7581233p7581235.html

Here is Q1.
A cournot oligopoly consists of three firms producing a homogeneous product.The firms have identical constant average costs of Rs.2 per unit.Market demand is given by P=10-Q, Where Q is the combined output of three firms what is the equilibrium Price?