【正文】
s output? Firm 1 39。2139。1*2*1*2*139。*2*1 yCyyyyPyyP ?????)(])[()( *239。1239。s optimal choice : When MR=MC, fjirm1 has its optimal choice Revenue=P(Y)*y1 with respect to y1 1002y1y2=0 y1=50y2/2 李楠 302300401 (c)calculate the cournot equilibrium amount of output for each firm Firm 1’s profit function is given by: P1(y1)=(100— ( y1+y2) )y1— c2(y2) Firm 2’ profit function is given by: P2(y2)=(100— ( y1+y2) )y1— c2(y2) The firstorder condition is given by: 100— 2y1— y2=0 and 100— 2y2— y1=0(since firm 1 and 2’s marginal costs are both zero), so we can get the Cournot equilibrium amount of output for each firm as (100/3 100/3) 3023004027 李滔 Problem (d) Calculate the carter amount of out