Define cournot-stackelberg-bertrand-and collusion models

Assignment Help Microeconomics

Reference no: EM13205726

Consider an industry described as a duopoly consisting of two symmetric firms producing homogeneous product. Inverse demand function is P = 1500 -10Q and each firm has a marginal cost of $20 with fixed cost of zero. Compare and contrast the output levels and profits for firm 1 and firm 2 under the Cournot, Stackelberg, Bertrand, and Collusion models.

Reference no: EM13205726

Questions Cloud

Describe the ethical and social responsibility components : Identify current ratios, and compare the ratios to industry averages and identify debt-to-equity ratios, and compare them to industry standards. Use the ratios to calculate the company's cost of capital.

State what is the percent purity of nahco : What is the percent purity of NaHCO3 in your baking soda? (The formula weight of NaHCO3 is 84.007 g/mole).

What advice would you give burton cummings : If Burton was driving trucks for one of the competing trucking firms, he would earn $5,000 per month. Burton is proud of the fact that he is generating a net cash flow of $7,000 ($25,000 - $18,000) per month, since he would be earning only $5,000 ..

Compute the volume in ml hci solution : Calculate the volume in mL of a 1.350 M HCI solution required to titrate the following solution.

Define cournot-stackelberg-bertrand-and collusion models : Consider an industry described as a duopoly consisting of two symmetric firms producing homogeneous product. Inverse demand function is P = 1500 -10Q and each firm has a marginal cost of $20 with fixed cost of zero.

State the inorganic reactants neccessary acetylene as carbon : Using all the inorganic reactants neccessary and only CH3I and acetylene as carbon based compounds, make (2S,3R)-2,3-butanediol. Show both a retrosynthesis and forward synthesis.

What is the value per share of your firms stock : The last dividend paid (D0) was $1. What is the value per share of your firm's stock and Assume that the average firm in your company's industry is expected to grow at a constant rate of 6% and that its dividend yield is 7%.

Find out the binding constant for a reaction : Imagine you want to determine the binding constant for a reaction. You know you will need to generate data to calculate the binding constant.

Calculate velocity for mushroom kingdom : Assume the Mushroom Kingdom: there are 21659 gold coins in circulation, nominal GDP is 86722 gold coins, the Central Bank of Mushroom Kingdom increases the number of gold coins in circulation by 2.4% each year, and GDP increases by 4.8% annually.

User Account

All Pages