New Click Here to Play Diwali Spin and Win and Get Huge Discounts

    Register

    Question

    There are two firms in the market and they follow Cournot model. The demand curve faced by them is Q = 180 – P and the marginal cost of producing the good is same for both i.e Rs.30. Calculate the total quantity produced by the firms in the Cournot set up for profit maximization

    A 50 Correct Answer Incorrect Answer
    B 75 Correct Answer Incorrect Answer
    C 100 Correct Answer Incorrect Answer
    D 125 Correct Answer Incorrect Answer

    Solution

    Practice Next