A homogeneous products duopoly faces a market demand function given by P = 300 – 3Q, where Q = Q1… 1 answer below »

A homogeneous products duopoly faces a market demand
function given by P = 300 – 3Q, where Q
= Q1 + Q2. Both firms have a constant marginal
cost MC = 100.

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What is the Cournot equilibrium quantity per firm and
price in this market?