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QUESTION
a) Briefly distinguish between the Cournot duopoly model and that of Stackelberg
b) Suppose the inverse market demand curve for a telecommunications equipment is P = 100 - 2Q. Suppose there are two firms with constant marginal cost $4. Assuming they behave as Cournot duopolists, what will be the price and total industry output?
c) The inverse market demand curve for a Stackelberg leader and follower is given by P = 60 - 2Q. If each has a marginal cost of $2, what will be the equilibrium quantity and price for each producer?
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what are the factors affecting wastage and stagnation?How you as ateacher can overcome these factors explain with illustrations?
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What is pragmatism and what should be the role of teacher according ti it.
impacts of information technology in the developing countries
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QUESTION Western Tech is anxious to upgrade its status as a first-rate research institution. therefore the Office of Research has just announced a summer faculty fellowship pro
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