Do such duopolists produce pareto efficient level of output

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Consider two firms that act as Cournot competitors and face the inverse demand function p(.), where p'(Y1 + Y2) < 0. The total cost function for firm i is given by Ci(.), where Ci'(Yi) > 0 i = 1,2.

a) Do such duopolists produce a Pareto efficient level of output?

Reference no: EM13331411

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