The abrams, bartle, and creighton partnership began the process of liquidation with the following balance sheet.
cash $16,000
liabilities $150,000
non cash items 434,000
abrams, capital 80,000
bartle, capital 90,000
creighton, capital 130,000
total: $450,000
abrams, bartle, and creighton share profits and losses in a ratio of 3: 2: 5.
liquidation expenses are expected to be $12,000.
if the noncash assets were sold for $234,000, what amount of the loss would have been allocated to bartle?
a) $43,200 b) $46,800 c) $40,000 d) $42,400 e) $43,100

1. consider a two-firm industry. firm 1 (the incumbent) chooses a level of output qı. firm 2 (the potential entrant) observes qı and then chooses its level of output q2. the demand for the product is p 100 q, where q is the total output sold by the two firms which equals qi +q2. assume that the marginal cost of each firm is zero. a) find the subgame perfect equilibrium levels of qi and q2 keeping in mind that firm 1 chooses qi first and firm 2 observes qi and chooses its q2. find the profits of the two firms-n1 and t2- in the subgame perfect equilibrium. how do these numbers differ from the cournot equilibrium? b) for what level of qi would firm 2 be deterred from entering? would a rational firm 1 have an incentive to choose this level of qi? which entry condition does this market have: blockaded, deterred, or accommodated? now suppose that firm 2 has to incur a fixed cost of entry, f> 0. c) for what values of f will entry be blockaded? d) find out the entry deterring level of q, denoted by q1', a expression for firm l's profit, when entry is deterred, as a function of f. for what values of f would firm 1 use an entry deterring strategy?