Find the quantities for both firms in both market types

Reference no: EM132389595

Cournot and Cartels

You will be using the same data for the Cournot and Cartel problem. Find the quantities for both firms in both market types that maxes profit. As a stretch question how much profit does each Cournot firm make and what is the joint profit for the cartel.

Assume:

a. Market demand: P = 100 -.5Q₁ - .5Q₂

b. TC₁ = 4Q₁ and TC₂ = .25Q₂²

Reference no: EM132389595

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