A duopoly faces the inverse demand curve p = 160

Question

A duopoly faces the inverse demand curve p = 160 - 2q. Both firms in the industry have constant costs of $10 per unit of output. In a Cournot equilibrium how much output will each duopolist sell?

Quizplus · Accepted Answer

The Answer of A duopoly faces the inverse demand curve p = 160 - 2q. Both firms in the industry have constant costs of $10 per unit of output. In a Cournot equilibrium how much output will each duopolist sell?