Solve for the cournot equilibrium

Assignment Help Econometrics

Reference no: EM13192222

An industry consists of two firms, each of which have variable costs of $10 per unit but no fixed costs. The industry demand curve is P = 70 - Q.

Solve for the Cournot equilibrium. In doing so, derive the reaction function of each firm (call Q1 and Q2 the output of each firm). Solve for each firm's output, the market price and each firm's profits.

Reference no: EM13192222

Questions Cloud

Find the work done to haul the anchor : An anchor weighing 70 lb in water is attached to a chain weighing 4 lb/ft in water. Find the work done to haul the anchor and chain to the surface of the water from a depth of 45 ft.

What dimensions will maximize the enclosed area : A rancher has 1200m of fencing to enclose 2 rectangular corrals. The corrals have the same dimensions and one side in common. What dimensions will maximize the enclosed area?

Determine the maximum height the ball reaches : Determine the time it takes the ball to reach its maximum height:

Find the third quartile q3 : assume that adults have iq scores that are normally distributed with a mean of 102 and a standard deviation of 15. find the third quartile Q3 which is the iq score separating the top 25% from the others.

Solve for the cournot equilibrium : An industry consists of two firms, each of which have variable costs of $10 per unit but no fixed costs. The industry demand curve is P = 70 - Q. Solve for the Cournot equilibrium. In doing so, derive the reaction function of each firm (call Q1 an..

What is the half-life of the goo in minutes : At the beginning of an experiment, a scientist has 272 grams of radioactive goo. After 180 minutes, her sample has decayed to 17 grams.

Is this a parameter or a statistic : The average grade on a midterm exam in a certain math class was an 88. Is this a parameter or a statistic?

Learning for numeric prediction : Write down the output (class) values and number of instances that appear in each of the leaf nodes A, B and C of the tree - Learning for Numeric Prediction

What dimensions will produce a maximum enclosed area : a rancher has 1200m of fencing to enclose teo adjacent rectangular corrals. what dimensions will produce a maximum enclosed area if the commom sides are of equal length?

User Account

All Pages