Compute the equilibrium price-quantity-consumer surplus

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Let demand for car batteries be such that Q = 10 − 2P. Assume constant marginal costs of 3. Compute the equilibrium price, quantity, consumer surplus, producer surplus for

(a) Assume one of the two firms has a marginal cost of 3. What is the oligopoly outcome in this case? [Hint you can’t use the trick we used to get a second equation.] (e) (Hard question) Suppose a discount factor of 0.99 and a duopoly structure on agreements. What is the Pareto frontier of agreements that may form the basis of a cartel?

Reference no: EM131159928

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Compute the equilibrium price-quantity-consumer surplus : Let demand for car batteries be such that Q = 10 − 2P. Assume constant marginal costs of 3. Compute the equilibrium price, quantity, consumer surplus, producer surplus for. Assume one of the two firms has a marginal cost of 3. What is the oligopoly o..

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