Two companies are the only snowplow merchants in a small town. Inverse market demand curve is P = 100 - 10Q, where Q = q₁ + q₂ (Firm 1's output = q₁; Firm 2's output = q₂). Each firm has marginal costs of $25. What is the Nash equilibrium in this market?

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The Answer of Two companies are the only snowplow merchants in a small town. Inverse market demand curve is P = 100 - 10Q, where Q = q₁ + q₂ (Firm 1's output = q₁; Firm 2's output = q₂). Each firm has marginal costs of $25. What is the Nash equilibrium in this market?

Two Companies Are the Only Snowplow Merchants in a Small