Perfect competition price-quantity and consumer surplus

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Reference no: EM13154168

Q. Suppose the market demand function is given by: Q = 100 - 2P , where Q: total quantity, P: market price. And in this market there are two firms with MC=AV= $10.

Find each of the following:

1. Perfect competition price, quantity, and consumer surplus?

2. Monopoly price, quantity, consumer surplus, profit, and welfare loss?

3. Cournot price, quantity, consumer surplus , each firm`s profit, and welfare loss?

4. Stackelberg price, quantity, consumer surplus, each firm`s profit, and welfare loss?

5. Collusion quantity, profit from collusion?

Please show your work and I will reward points.

Reference no: EM13154168

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