Find the prices corresponding to bertrand-nash equilibrium

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Two firms with differentiated products compete in prices with demands: q1: 1-P1+0.5P2 q2: 1-P2+0.5P1 Suppose that both firms can produce at the same constant marginal cost c. a. Draw the best response functions. b.Find the prices corresponding to the Bertrand-Nash equilibrium.

Reference no: EM13149063

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