Determine the cournot equilibrium quantities and price

Assignment Help Business Economics

Reference no: EM131389598

Consider a market with inverse demand p=100-2q. There are two firms in the market with constant marginal and average costs of $10.

A. Determine the cournot equilibrium quantities and price.

B. What would be the collusive (joint-profit maximizing) price and quantity?

C. Derive the dead weight loss for cournot dupoly, collusion, and perfect competition in this market with two firms.

Reference no: EM131389598

Questions Cloud

The rate of inflation between the two years : In 2009, you were paid $50,000 by your employer (your only source of income). In 2010, you were paid $55,000, but the rate of inflation between the two years was 15%. Your real income went up but your nominal income went down. Your real income went u..

Despite our elegant models of supply and demand analysis : Despite our elegant models of supply and demand analysis, in real life some prices don’t adjust to changes in market forces right away. Which are typically the slowest to respond?

When a market is addressed by the industrial structures : Discuss the prices and quantities expected (high, highest, lowest, most fewest, etc.) when a market is addressed by the following industrial structures:

Resistance to exchange rate fluctuations : There is resistance to exchange rate fluctuations because changes int he value of a currency are likely to cause all of hte following except.

Determine the cournot equilibrium quantities and price : Consider a market with inverse demand p=100-2q. There are two firms in the market with constant marginal and average costs of $10. Determine the cournot equilibrium quantities and price. What would be the collusive (joint-profit maximizing) price and..

What is the quanity sold : Consumers are willing to pay p(x)=100+x+.001x^2 dollars per item when the quanity is x, with 0

The positive or negative condition of relations : The positive or negative condition of relations between employers and their workers is referred to as

Can the corporation enforce adams stock subscription : Can the corporation enforce Jordan's stock subscription against Jordan's estate?- Can the corporation enforce Adams's stock subscription?

Prepare a risk assessment report with information on threats : Prepare a Risk Assessment Report (RAR) with information on the threats, vulnerabilities, likelihood of exploitation of security weaknesses, impact assessments for exploitation of security weaknesses, remediation, and cost/benefit analyses of reme..

User Account

All Pages