C Clay W New member Apr 19, 2010 #1 Market demand is P=21-2Q Firm one produces q1 at cost q1 Firm two produces q2 at cost q2 I need help setting up firm one's problem, finding firm 1 and 2's best response functions, finding q1* and q2* and P*. I am sort of lost on this one.....
Market demand is P=21-2Q Firm one produces q1 at cost q1 Firm two produces q2 at cost q2 I need help setting up firm one's problem, finding firm 1 and 2's best response functions, finding q1* and q2* and P*. I am sort of lost on this one.....
