Valid expression for the collusion curve

Assignment Help Business Economics

Reference no: EM131101330

Suppose the market demand curve is P=40-2Q and the constant marginal cost of production is MC = 20. Which of the following is a valid expression for the collusion curve?

A) Q= 5

B) Q1= 5 - Q2

C) Q1=Q2=5

D) Q1=40-Q2

Reference no: EM131101330

Questions Cloud

Monopolist is subjected to rate regulation : Suppose that a monopoly firm finds that its MR is $64 for the first unit sold each day, $63 for the second unit sold each day, $62 for the third unit sold each day, and so on. What is the firm’s MRP for each of the first five workers? Suppose that th..

Policies will affect unemployment in neoclassical model : Explain how each of the following events or policies will affect unemployment in a neoclassical model: What’s the difference between how a Keynesian economist would sketch an AS curve and a Phillips curve, and how a neoclassical economist would sketc..

What are the three basic sources of economic profits : What are the three basic sources of economic profits?

Two firms in market for commercial dry suits : There are two firms in a market for commercial dry suits. The market demand curve is P = 4,500 – 2.5Q. Firm 1 has a total cost curve of C = 1,000 q with zero fixed costs, while Firm 2 has a total cost curve of C = 1,500 q with zero fixed costs. If th..

Valid expression for the collusion curve : Suppose the market demand curve is P=40-2Q and the constant marginal cost of production is MC = 20. Which of the following is a valid expression for the collusion curve?

What is the price that each competitive firm must take : The market supply and market demand are given: Assume the market is in short run equilibrium. what is the price that each competitive firm must take?

Overcome ethnic conflicts and differences within caliphate : How do you explain the rise of Islam to dominance over such a large region, from the 7th to 13th centuries, despite the existence of strong rival religions, supported by powerful empires? Additionally, to what extent were the Arabs, as the initial le..

Consider the problem of carbon dioxide emissions : Consider the problem of carbon dioxide emissions. We will abstract from the complexity of the problem slightly, assuming there are polluters and consumers in two regions, the OECD (O) and the rest of the world (R). Proposal A involves the polluters p..

Describe the current conditions in the money market : The following data describe the current conditions in the Money Market. Amount of Money Supplied $100 billion $200 billion $300 billion $400 billion $500 billion $600 billion $700 billion. What happens in this economy if the Amount of Money Supplied ..

User Account

All Pages