Table 17-7.The table shows the demand schedule for a particular product.

-Refer to Table 17-7.Suppose the marginal cost to produce this product is constant at $1 per unit.If this market is served by two duopolists who choose their production levels independently,acting in their own self-interest,what is the Nash equilibrium production level for each firm?
A) 5 units
B) 10 units
C) 15 units
D) 20 units

Question

Table 17-7.The table shows the demand schedule for a particular product.
 
-Refer to Table 17-7.Suppose the marginal cost to produce this product is constant at $1 per unit.If this market is served by two duopolists who choose their production levels independently,acting in their own self-interest,what is the Nash equilibrium production level for each firm?
A) 5 units 
B) 10 units 
C) 15 units 
D) 20 units

Quizplus · Accepted Answer

The Answer of Table 17-7.The table shows the demand schedule for a particular product.
 
-Refer to Table 17-7.Suppose the marginal cost to produce this product is constant at $1 per unit.If this market is served by two duopolists who choose their production levels independently,acting in their own self-interest,what is the Nash equilibrium production level for each firm?
A) 5 units 
B) 10 units 
C) 15 units 
D) 20 units