User Account

All Pages

What is the market price in equilibrium

Assignment Help Business Management
Reference no: EM132097582

Suppose two firms are engaged in Cournot competition. The firms are identical, produce homogeneous products and have marginal costs = $0 and no fixed cost. 

The firms face the following inverse demand curve:

p = 300 - (q1 + q2). The best response functions for the two firms are as follows:

q1 = 150 - 0.5 * q2

q2 = 150 - 0.5 * q1

What is the market price in equilibrium?

Reference no: EM132097582

Questions Cloud

Geographic region economic growth : What do think are the major factors contributing to a country's or geographic region's economic growth?
What is the total quantity produced in equilibrium : Suppose two firms are engaged in Cournot competition. The firms are identical, produce homogeneous products and have marginal costs = $0 and no fixed cost.
What is the main issue for your organization : What is the main issue for your organization in addressing a solution to evidence-based nursing practice? Discuss what might be the first step in addressing.
Write a Python script for the ice cream ordering system : Assignment: Below Zero - ice cream store. In this first part of Task, you should write a Python script for the ice cream ordering system
What is the market price in equilibrium : Suppose two firms are engaged in Cournot competition. The firms are identical, produce homogeneous products and have marginal costs = $0 and no fixed cost.
Identifying a specific evidence-based practice proposal : In collaboration with your approved course mentor, you will identify a specific evidence-based practice proposal topic for the capstone project.
Medical problem and is being treated : An individual has a medical problem and is being treated for 10 weeks, after which quality of life will return to normal.
Discuss how you would respond to the proposal : You own a private nonprofit training agency that specializes in providing training in the areas of human resources management, crisis response.
Business decision making process : Why can Managerial Economics be applied to any business decision making process, regardless of the industry?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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