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Output is homogenous and the demand curve is P = 30 - Q.
There are two firms and production is constant returns to scale. Let the unit costs of firm 1 be c1 and the unit costs of firm2 be c2.
(a) Find expressions for the Cournot equilibrium firm outputs.
(b) Find expressions for the Stackelberg equilibrium firm outputs.
(c) Compare the efficiency of the Cournot and Stackelberg equilibria when c1 = 5 and c2 = 5.
(d) Compare the efficiency of the Cournot and Stackelberg equilibria when c1 = 8 and c2 = 5.
(e) Compare the efficiency of the Cournot and Stackelberg equilibria when c1 = 10 and c2 = 5.
(f) Provide an intuitive explanation for the efficiency rankings found in (c) through (e).
Find all mixed-strategy Nash equilibria and solve for all Nash equilibria and provide a justification for players' preferences over each of these equilibria.
Create the strategic form payoff matrix, Determine the Nash equilibrium, Suppose the interaction is sequential where Holland Sweetener chooses to enter
1. capm numerical exercise consider the following three assetswrite a computer program for example using matlab to
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A hypothesis test for a population proportion ρ is given below: Ho: ρ = 0.10 Ha: ρ ≠ 0.10
Illustrate this game in a game table. Identify any dominant strategies in the game and solve for the Nash equilibrium.
Employee absences can seriously affect productivity. In one country, employees are absent from work an average of 2.6 weeks of the 52-week work-year.
The Candle Company and the Wick Corporation are the only manufactures of a very sophisticated type of flammable material.
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A recent study by Ohio State University (March 5, 2008) suggests that students with cell phones may take more risks than students that do not have cell phones.
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