onsider a market with two identical firms. The market demand is P = 26 - 2Q, where Q = qa + qb. MCa = MCb = ACa = ACb = 2. Solve for the Cournot reaction functions of each firm. Solve for the Cournot–Nash equilibrium. Calculate the quantity, price, and profit for each firm.

Three years ago, the city of recker committed to build a park and music venue by the river. it was expected to cost $2.5 million and be paid for from an additional meals tax in the community. the residents pushed back. local restaurants suffered as people ate out less or patronized restaurants in neighboring communities. the project has stalled, but the town council kept pushing it on. this spring, a flood devastated the venue. the town council appears to have suffered from bias