Raspberry and Sany are two cellphones producers. The total demand for Raspberry's cellphones is given by QR(PR,PS)=200−2PR+PS QR(PR,PS)=200−2PR+PS and Sany's cellphones demand is given by QS(PS,PR)=300−PS+PR4QS(PS,PR)=300−PS+PR/4. Both firms have a cost of production given by C(q)=40q C(q)=40q where q is the total amount of firms produced by one firm. Find the Bertrand equilibrium of the cellphones market.
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