How much will firm one sell if it cheats on the cartel

Assignment Help Engineering Mathematics

Reference no: EM131505125

Question: A market has an inverse demand function defined by

p = 200 - 0.5X

Two firms exist in this market that have identical total costs. For firm 1 these are defined by

TC1 = X1 + 0.5X1

with an equivalent definition for firm 2.

(a) If these two firms form a cartel, define the cartel's, marginal cost function.

(b) What is the cartel's profit maximising output and the profit earned?

Reference no: EM131505125

Questions Cloud

Discuss problems that five suppliers will face in forming : Consider an industry with five suppliers. One is very large relative to total supply, with the capacity, in the relevant price range, to supply a significant.

Considered a tax exempt bond : Which of the following is not considered a tax exempt bond? Mutual fund managers use two primary types of research: fundamental and quantitative

Establish career as software developer- java user interface : Establish a Career as a Software Developer - JAVA User Interface. The research will collect data from experts in the field, scholarly research and training.

How many security cameras are there in london : How many security cameras are there in London?

How much will firm one sell if it cheats on the cartel : What is the cartel's profit maximising output and the profit earned?

What was the average real return on crash-n-burns stock : What was the average real return on Crash-n-Burn’s stock? What was the average nominal risk premium on Crash-n-Burn’s stock?

Communication of either verbal or nonverbal messages : How may cultural influences lead to misunderstandings in communication of either verbal or nonverbal messages?

How sustainable these resources are for the future : Also discuss some of the problems caused by this resource use, and how sustainable these resources are for the future

Importance of workplace diversity training : What is the importance of workplace diversity training?

Reviews

Write a Review

Required(*) Message

Engineering Mathematics Questions & Answers

Prime number theorem

Dirichlet series

Proof of bolzano-weierstrass to prove the intermediate value

Every convergent sequence contains either an increasing, or a decreasing subsequence.

Antisymmetric relations

How many relations on A are both symmetric and antisymmetric?

Distributed random variables

Daily Airlines fies from Amsterdam to London every day. The price of a ticket for this extremely popular flight route is $75. The aircraft has a passenger capacity of 150.

Prepare a system of equations

How much money will Dave and Jane raise for charity

Managing ashland multicomm services

This question is asking you to compare the likelihood of your getting 4 or more subscribers in a sample of 50 when the probability of a subscription has risen from 0.02 to 0.06.] Talk about the comparison of probabilities in your explanation.

Skew-symmetric matrices

Type of taxes and rates in spokane wa

Describe the different type of taxes and their rates in Spokane WA.

Stratified random sample

Suppose that in the four player game, the person who rolls the smallest number pays $5.00 to the person who rolls the largest number. Calculate each player's expected gain after one round.

Find the probability density function

Find the probability density function.

Develop a new linear programming for an aggregate production

Linear programming applied to Aggregate Production Planning of Flat Screen Monitor

Discrete-time model for an economy

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages