The demand function for a product sold by an oligopolist is given below:
QD = 100 - P
The firm's marginal cost function is given below:
MC = 10 + Q
Calculate the equilibrium price and quantity.

Question

Quizplus · Accepted Answer

The Answer of The demand function for a product sold by an oligopolist is given below:
QD = 100 - P
The firm's marginal cost function is given below:
MC = 10 + Q
Calculate the equilibrium price and quantity.

The Demand Function for a Product Sold by an Oligopolist