Suppose in a Cournot duopoly that two firms, Firm 1 and Firm 2, face market demand $P = 50 - Q$ and both have marginal cost, $M C = \$ 20$ . The equilibrium output for each firm will be
A) $Q _ { 1 } = Q _ { 2 } = 7.5$
B) $Q _ { 1 } = Q _ { 2 } = 10$
C) $Q _ { 1 } = Q _ { 2 } = 15$
D) $Q _ { 1 } = Q _ { 2 } = 20$

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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, $M C = \$ 20$ . The equilibrium output for each firm will be
A) $Q _ { 1 } = Q _ { 2 } = 7.5$
B) $Q _ { 1 } = Q _ { 2 } = 10$
C) $Q _ { 1 } = Q _ { 2 } = 15$
D) $Q _ { 1 } = Q _ { 2 } = 20$

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 $P = 50 - Q$