Cournot Problem. Consider a Cournot oligopoly with two identical firms. These firms each have constant marginal costs of $10. The market for these firms’ product has demand Q = 100 - P.

-Refer to Cournot Problem.In the Nash Equilibrium,consumer surplus will be

Question

Cournot Problem. Consider a Cournot oligopoly with two identical firms.  These firms each have constant marginal costs of $10. The market for these firms’ product has demand Q = 100 - P.

-Refer to Cournot Problem.In the Nash Equilibrium,consumer surplus will be

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The Answer of Cournot Problem. Consider a Cournot oligopoly with two identical firms.  These firms each have constant marginal costs of $10. The market for these firms’ product has demand Q = 100 - P.

-Refer to Cournot Problem.In the Nash Equilibrium,consumer surplus will be