Qassume there are 100 identical firms in an initially

Assignment Help Business Economics

Reference no: EM13354990

Q. Assume there are 100 identical firms in an initially competitive market. Market demand is given by P=10-Q/200 and market provide by P= 1+Q/200. Calculate the competitive equilibrium cost P, the industry output Q and firm output q. If the 100 firms formed an effective cartel, illustrate what would be the cost -quantity solution P1, Q1 for maximum aggregate profit? Assume which the industry supply curve is simply the horizontal sum of the firms' marginal cost curves). At this cost, to illustrate output quota q1 would the typical firm have to be limited? Explain how much would it like to produce?

Reference no: EM13354990

Questions Cloud

Q1 assume the labor demand curve of the firm is w 20 - 001 : q1. assume the labor demand curve of the firm is w 20 - 0.01 ewhere w is the hourly wage and e is the level of

Q1 during the purchasing decision evaluation stage the : q1. during the purchasing decision evaluation stage the consumer forms preferences among the brands in the choice set.

Q1 besides elections and campaigns do the major political : q1. besides elections and campaigns do the major political parties influence public values and ideas? do you think

Q1 i want to know how to give tell to someone about ceteris : q1. i want to know how to give tell to someone about ceteris paribus when he has a job working at a fast food

Qassume there are 100 identical firms in an initially : q.assume there are 100 identical firms in an initially competitive market. market demand is given by p10-q200 and

Q1 a major-league pitcher can throw a baseball in excess of : q1. a major-league pitcher can throw a baseball in excess of 41.3 ms. if a ball is thrown horizontally at this speed

Q1 a 59-g ice cube at 0degc is heated until 52 g has become : q1. a 59-g ice cube at 0degc is heated until 52 g has become water at 100degc and 7.0 g has become steam at 100degc.

Q1 you manage a department in a large corporation 2 years : q1. you manage a department in a large corporation. 2 years ago you had 20 workers and produced 40000 units. the

Q1 two speakers one straight behind the other are each : q1. two speakers one straight behind the other are each generating a 547-hz sound wave. what is the smallest separation

User Account

All Pages