What will price and ouput be if there is no dominant firm

Assignment Help Microeconomics

Reference no: EM13201676

(Requires Calculus) In the model of a dominant firm, assuming that the fringe supply curve is given Q= -1 + 0.2P, where P is market price and Q is output.
Demand is given by Q=11-p.

What will price and ouput be if there is no dominant firm? Now assume that there is a dominant firm, whose marginal cost is constant at $6. Derive the residualdemand curve that it faces and calculate ots profit-maximizing output and price.

Reference no: EM13201676

Questions Cloud

Which car is moving at the faster rate\ : Test car A is traveling at a rate of 146 ft/sec . Test car B is traveling at a rate of 93 mi/h. Which car is moving at the faster rate?

Write out the payoff matrix for the game : A selfless person approached Jones and Smith with a $100 bill and offers to sell it to the highest bidder, but both the winning and losing bidders must pay for their bids. So if Jones bids $2 and Smith bids $1they pay a total of $3, but Jones gets..

How many different passwords are possible : A password for certain computer system consists of 3 lower-case letters (a-z) followed by 3 digits (0-9).

Estimate the mean score : You want to estimate the mean score within ±10 with 90% confidence. How large an SRS of scores must you choose? Give your answer as a whole number.

What will price and ouput be if there is no dominant firm : What will price and ouput be if there is no dominant firm Now assume that there is a dominant firm, whose marginal cost is constant at $6. Derive the residualdemand curve that it faces and calculate ots profit-maximizing output and price.

What was the yearly rate of appreciation : The Mendes family bought a new house 10 years ago for $120,000. The house is now worth $191,000. Assuming a steady rate of growth, what was the yearly rate of appreciation? Round your answer to the nearest tenth of a percent (1.2% etc)

Determine confidence interval for the population : A biologist has found the average weight of 32 randomly selected mud turtles to be 8.7 lb with standard deviation 3.6 lb. construct a 95% confidence interval for the population

What are marginal and average costs per camper : A privately owned summer camp for youngsters has the following data for a 12-week session. Charge per camper $480 per week Fixed costs $192,000 per session Variable cost per camper $320 per week Capacity 200 campers

How to evaluate the fourier coefficients ao and an : Evaluate the Fourier coefficients ao, an, bn and the exponential coefficient Dn for the waveform shown below; do not use MATLAB or a calculator for integrations.

User Account

All Pages