What is the combined quantity of pizzas

Assignment Help Business Management
Reference no: EM132313970

Suppose the demand for pizza in a small isolated town is p = 10 - Q. There are only two pizza restaurants, A and B, and each has a cost function TC = 2 + q. Suppose the restaurants try to collude to maximize their combined profit, dividing the quantity evenly.

What is the combined quantity of pizzas produced by the cartel?

What is the cartel price?

If Firm A decides to defect (cheat) on the cartel and assumes B will stick to the cartel agreement, what quantity should firm A produce to maximize its profits?

Reference no: EM132313970

Questions Cloud

Keynesian and neoclassical economics thoughts : What are the main differences between Keynesian and neoclassical economics thoughts?
Draw a map for your game scenario : CSC72003 - Programming II - Southern Cross University - Describe your game including the back story and the setting - ou do not need to use a drawing program
Explain your place of influence in your professional life : Explain your place of influence in your professional life.Describe any opportunities you have had to help people be successful.
Seasonally adjusted data instead : Explain what 'seasonally adjusted' means, and why we might want to look at seasonally adjusted data instead of data that is not seasonally adjusted.
What is the combined quantity of pizzas : What is the combined quantity of pizzas produced by the cartel?
Summarize the required training subjects : The companies ns, tan,mj, mz, me, nh, oe, op they requested trainings . You need to summarize the required training subjects.
Combined production of the remaining two firms : Use QA to denote the quantity produced by this firm, and X to denote the combined production of the remaining two firms.
How do monopolies emerge : How do monopolies emerge? What factors can turn a company into a monopoly?
Pricing and non-pricing strategies monopolies : What are the pricing and non-pricing strategies monopolies use to maximize their profits?

Reviews

Write a Review

Business Management Questions & Answers

  How many different ways can the exterior and interior plans

Reynolds Construction Company has agreed not to erect all "look-alike" homes in a new subdivision. How many different ways can the exterior and interior plans be offered to potential home buyers?

  Slavic evangelical baptist church of brookhaven

Vitaly Korchevsky, the pastor of the Slavic Evangelical Baptist Church of Brookhaven, Pa., since its inception in 2003, was arrested in August, along with four other Ukrainians living in the US and connected to the alleged $30 million scheme.

  Leadership styles of danny ocean and terry benedict

Identify as many examples as you can that illustrate Planning, Organizing, Implementing and Controlling. Also, compare and contrast the leadership styles

  Discuss the invasion of privacy and the potential

Discuss the invasion of privacy and the potential for future abuse as individual data is gathered, analyzed, and commercially used.

  Relationship between frequency and cost per contact

Discuss the balance that can be achieved between fixed salary, bonuses and incentives and the link with motivation of sales people.

  Necessary for the existence of a free market

Describe the three components necessary for the existence of a free market.

  Develop a program using while loop

Develop a program using while loop that asks user to add test scores and the program should show the sum of all the test scores.

  Evaluate your claim at significance level

Recall the definition of functionality (CTQ2) in POI case study. You have inspected 10 boxes of MSDs and couted the number of MSDs that are broken in each box as 10, 9, 5, 4, 5, 9, 6, 6, 9, 11. Based on these samples, you want to claim to your sup..

  Estimating proportions based on observationsyou have

estimating proportions based on observationsyou have twenty-five observations of university policeman sgt. jack b.

  Describe the challenges ahead of mary barra

describe the challenges ahead of Mary Barra. Families Misled by GM, Mary Barra Returns. In your response, also incorporate how and where mission, vision and values come into play

  Method of killing cancer cells called photodynamic

Becker Corp. has developed a method of killing cancer cells called Photodynamic Therapy (PDT).

  Researcher selected a sample of 56 former student

A researcher selected a sample of 56 former student leaders from a list of graduates of a large university. She discovered that it had taken an average

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd