Two Countries Produce Oil The Per Unit Production Cost Of Country 1 Is C1 2 And Of C 3440028
Two countries produce oil. The per unit production cost of Country 1 is C1 = $2 and of country 2 it is C2 = $4. The total demand for oil is Q-40-p where p is the market price of a unit of oil. Each country can only produce either 5 units, 10 units or 15 units. The total production of the two countries in a Nash equilibrium is 10 15 20 25 30
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