Compare the profit under cournot and monopoly

Assignment Help Basic Computer Science
Reference no: EM131752569

Two firms make identical scanner units. They are the only producers of these units. The firms are Cournot oligopolists and face the following demand: Demand: Q = 100 - 4P. The firms have the identical cost structures, where c(q) = 4q  + 20

a) Compute price, total quantity, quantity per firm, and profit per firm for Cournot.

b) Compute price, total quantity, and profit if there was a single monopoly firm.

c) Compare the profit under Cournot and monopoly. Which market would you rather operate in?

Reference no: EM131752569

Questions Cloud

Estimate of the total direct labor hours : To compute the predetermined overhead rate, Cristin divided her estimate of the total manufacturing overhead for the coming year
Calculate the basis of stephanie partnership interest : Assume the partners share debt equally. Immediately after the formation, the basis of Stephanie's partnership interest is
What was the cost of the machine : The present value of an ordinary annuity of 1 for five periods is 3.79079. What was the cost of the machine
Estimate all the parameters in a system : In a simultaneous equations framework, why cannot we always consistently estimate all the parameters in a system?
Compare the profit under cournot and monopoly : Compare the profit under Cournot and monopoly. Which market would you rather operate in?
Compute the annual gross profit for the peanut division : Plains Peanut Butter Company recently acquired a peanut-processing company that has a normal annual capacity of 3,000,000 pounds.
Compare the profit per firm under cournot and stackelberg : Compare the profit per firm under Cournot and Stackelberg. Which market would you rather operate in?
Difference between positive and normative economics : What is the difference between positive and normative economics and what does neoclassical economics claim to be doing and why?
Analyze your personal writing process : Analyze your personal writing process and to discuss how the major assignments in this course illustrate your accomplishments

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Design a minimum-length linearphase fir filter to satisfy

Compare the above four design methods in terms of the order of the filter, the exact band-edge frequencies, and the exact tolerances in each band.

  Popularize animation focused to be made on children request

Benefits of animations is popularized among common people because people are not aware of the inconvenience, Lack of academic education in animation and lack of entrepreneurship .How ever to be popularize animation focused to be made on children r..

  Important metrics for operations managers

Develop a listing of what you believe are the most important metrics for operations managers. (Hint: Be sure to consider the triple bottom line.) Howdoes each metric support the overall financial performance of the organization?

  Write a c program to send out the string too high

Write a C program to send out the string "too high"

  What is data integrity and in what way it is implemented

What is data integrity and in what way it is implemented in DBMS MS Access

  Description of both flowcharts and pseudo code

Discuss the advantages of each and describe any disadvantages that might make you want to use one method over the other.

  Assignment-boolean expressions

1. Assignment 3:  Boolean Expressions

  Identify the worst possible time for failure

Looking back over the past 12 months, let's say your computer had failed unexpectedly and catastrophically twice in that time.

  Historical data on market share

Research mobile OS market share. Provide historical data on market share from the different mobile OS providers. If you were to develop a mobileapp today, what market would you target? Why?

  Write a c++ function that has an input of a char value

Write a C++ function that has an input of a char value and returns true if the character is lower case or false otherwise.

  Discuss distributed denial of service attacks

Select a topic from the list and conduct research (based on literature, at least three recent research papers) and prepare a summary report with brief.

  What is the minimal transfer time

The second lowest line corresponds to requests that incur a head switch (in addition to increasing amounts of rotational delay). Finally, the third line corresponds to requests that incur a cylinder switch (in addition to rotational delay).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd