Assume that both firm collude with each other and share

Assignment Help Microeconomics

Reference no: EM13454338

Demand for a good can be characterized by P = 100 - Q. There are two firms: Firm 1 and Firm 2. They have identical cost functions. TC1 =5+10q1 TC2 =5+10q2 1. Suppose that each firm make the output decision simultaneously (Cournot model). What are the equilibrium outputs by each firm, q1 and q2? What is the equilibrium price? What are each firm's profits? (3 points) 2. Suppose that both firm collude with each other and share the profits equally (Monopoly model). What is the equilibrium output and price in this market? What are each firm's profits?

Reference no: EM13454338

Questions Cloud

Purity ice cream company bought new ice cream maker at : purity ice cream company bought a new ice cream maker at the beginning of the year at a cost of 28000. the estimated

Discuss the findings of recent epidemiological studies on : 1.discuss the findings of recent epidemiological studies on ozone. you may use the information in your text or the epa

Make the proper t-accounts and demostrate all balances and : directionsafter reading the scenario complete the task below the scenario.scenariojust4u company uses a job order cost

Choose an epa superfund site from any state in the us : choose an epa superfund site from any state in the u.s. research and prepare a one page report that summarizes the

Assume that both firm collude with each other and share : demand for a good can be characterized by p 100 - q. there are two firms firm 1 and firm 2. they have identical cost

Is a wap required for all tsdfrsquos which agency must : is a wap required for all tsdfrsquos? which agency must approve the wap as part of the permit application? what are

Write down a 200 to 350 word abstract in which would be : write a 200- to 350-word abstract in which would be used to preface a paper on a researched public policy law or global

Where price of x is 3 and price of y is 1 he has decided to : michael has the following utility functionuxy logx logy where the price of x is 3 and the price of y is 1. he has

Acme sells 1500 units throughout this quarter if acme uses : the acme corporation uses a periodic inventory system and buys 1450 units of merchandise in january at 17 each. acme

User Account

All Pages