Suppose in a Cournot duopoly that two firms, Firm 1 and Firm 2, face market demand $P = 50 - Q$ and both have marginal cost, $M C = \$ 20$ . Firm 1's reaction function can be written as
A) $Q _ { 1 } = 45 - 0.5 Q _ { 2 }$
B) $Q _ { 1 } = 25 - 0.5 Q _ { 2 }$
C) $Q _ { 1 } = 15 - 0.5 Q _ { 2 }$
D) $Q _ { 1 } = 10 - 0.5 Q _ { 2 }$

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The Answer of Suppose in a Cournot duopoly that two firms, Firm 1 and Firm 2, face market demand $P = 50 - Q$ and both have marginal cost, $M C = \$ 20$ . Firm 1's reaction function can be written as
A) $Q _ { 1 } = 45 - 0.5 Q _ { 2 }$
B) $Q _ { 1 } = 25 - 0.5 Q _ { 2 }$
C) $Q _ { 1 } = 15 - 0.5 Q _ { 2 }$
D) $Q _ { 1 } = 10 - 0.5 Q _ { 2 }$

Suppose in a Cournot Duopoly That Two Firms, Firm 1 P=50−QP = 50 - QP=50−Q

Suppose in a Cournot Duopoly That Two Firms, Firm 1 $P = 50 - Q$