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Two firms compete in quantities, selling identical goods, facing the demand function P(Q) = 130−q1− q2 where qi is the output level of firm i. Assume that firm 1 is more efficient than firm 2, MC1(q) = 10 and MC2(q) = 20. Find the NE quantities of this static game. Once you find equilibrium quantities, discuss how efficiency affects the location of a Best Response function, and in turn how efficiency affects equilibrium market shares
Despite this finding, the government mandates that new cars have air bags, rather than taxing their use. Is this policy a contradiction.
What describe the distribution of national salary among labor and capital in a competitive, profit-maximizing economy with constant returns to scale.
Consider the following sequential ZSG. First, nature chooses heads or tails, each with probability one-half. Player 1 then sees nature’s choice, and chooses heads or tails. If player 2’s choice matches nature’s choice, player 2 wins a dollar from pla..
Academic researchers usually develop more complex also eworkerate models than applied researchers.
Where does this short-run aggregate supply curve intersect the long-run aggregate supply curve that you drew? Just need an explanation of what it woudl look like?
Throughout the company’s franchises, the probability is 0.60 that a meal lwill be served with in 45 seconds. What is the expected number of coupons a counter employee will receive when serving the regional manager?
State Explain how IKEAs expansion has reenergized mature markets around the world also changed the competitive situation.
The company you work for recently has committed itself to implementing a program of social responsibility. After the company has gotten the commitment of top executives, planned the program, and appointed a program director, you suggest that a (n) __..
Who benefits from a tariff or quota. Who loses. Illustrate what are positives and negatives of protectionist trade policies on federal government's part. Which policy is best right now.
Which among the equation will you choose for a better demand estimation. Illustrate answer in the language of statistics.
A geothermal heat pum can save up to 84% of the annual heating and cooling bills of a certain home in the norotheaster US. In this region, the yearly cost of conventionally heating and cooling a 2,000 square foot house is about $2,900. The maximum am..
The distribution of annual net cash flows is approximately normal. Determine the probablity that the annual net cash flows will be negative. Discuss the probability that the annual net cash flows will be less than $20,000
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