Two firms produce identical, substitute goods. Market inverse demand is P=150-Q. Firm 1 has costs c(q1)=c1q1 and Firm 2 has costs c(q2)=c2q2.Find the Nash equilibrium in quantities (cournot competition)Prove the answer is a Nash equilibrium In mm i, P,: u-hé.food w, Tl.=P,IQ,-= ngc-hi:Murad hua-au, ng- ava/ag": m-aus,au, c-ug.+c45,"warm: na. na: "fig: 0.Egmu-g MR,MQ, q-ahQF-cu figazn, in mm a, Pa=12’zgz…
Nash equilibrium
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