Dagger and Jackson offer different types of kayak tours, competing on price. Dagger faces q_D = 1,000 - 20p_D + 5p_J and constant marginal costs of $30. Jackson faces q_J = 1,000 - 20p_J + 5p_D and constant marginal costs of $45. Graph the reaction function for each firm and indicate the Nash equilibrium.

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The Answer of Dagger and Jackson offer different types of kayak tours, competing on price. Dagger faces q_D = 1,000 - 20p_D + 5p_J and constant marginal costs of $30. Jackson faces q_J = 1,000 - 20p_J + 5p_D and constant marginal costs of $45. Graph the reaction function for each firm and indicate the Nash equilibrium.

Dagger and Jackson Offer Different Types of Kayak Tours, Competing