Illustrate what will be the level of output and price

Assignment Help Business Economics

Reference no: EM1358488

Suppose that the market demand for mountain spring water is given as follows: P = 1200 - Q Mountain spring water can be produced at no cost.

a. What is the profit maximizing level of output and price of a monopolist?

b. Illustrate what will be the level of output and price in the long run if this industry were perfectly competitive?

c. What level of output would be produced by each firm in a Cournot duopoly in the long run? What will the price be?

Reference no: EM1358488

Questions Cloud

Causes and treatment of add or adhd : Is there a simple test to diagnose ADD/ADHD? What is involved in the diagnostic process? Can you provide me with some good links for further research on the causes and treatment of ADD/ADHD?

Funding new business ventures : What are the main financing options for a new business venture? What are the advantages and disadvantages of each financing option?

Analyze network security threats and vulnerabilities : Given the need for secure, online business communications, analyze network security threats and vulnerabilities and design network security solutions

Conduct a cursory search of integrative medicine : Integrative medicine - Conduct a cursory search of Integrative Medicine (IM) in your geographical area and choose one type to provide a brief summary.

Illustrate what will be the level of output and price : Illustrate what will be the level of output and price in the long run if this industry were perfectly competitive.

Compute the required return of a security with a beta : Compute the required return of a security with a beta of 1.21 and Is the security overpriced or underpriced

Adhd interfere with peer relationships : Does ADHD interfere with peer relationships? How? Why do peer reject children with ADHD? What types of interventions can prevent poor peer relationships?

Compute average annual rate of return : Suppose you are considering how to finance your child's college education. The child is 3 years old now so there are 15 years to go before your child enters college at age eighteen.

Supply chain - relationship management : Show why relationship management is so important in managing the supply chain. Provide examples of why building, and maintaining these relationships is important.

User Account

All Pages