Estimate the price and output for the smaller firms

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Reference no: EM13186592

The demand function for an oligopolistic market is given by the equation:

Q = 180 - 4P

The industry consists of one dominant firm whose marginal cost function is:

MCd = 12 + 0. Qd

Qs= 20 + P

A. Derive the demand equation for the dominant oligopolies

B. Estimate the profit maximizing output and price for the dominant oligopolist. Estimate the price and output for the smaller firms.

Reference no: EM13186592

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