subject
Business, 12.08.2020 06:01 j1theking18

Consider two firms, Firm A and Firm B, who compete as duopolists. Each firm produces an identical product. The total inverse demand curve for the industry is = 250 βˆ’ ( + ). Firm A has a total cost curve ( ) = 100 + 2 . Firm B has a total cost curve ( ) = 100 + 2. a. Suppose for now, only Firm A exists ( = 0). What is the Monopoly equilibrium quantity and price? What is Firm A's profit? b. Find the Nash Cournot equilibrium price and output level. What are the firms' profits? c. Find the equilibrium price and output level in the market if firm A acts as a Stackelberg leader. What are the firms' profits? d. Suppose that the two firms are able to form a cartel. Derive the output each firm will produce, the market price, and the total profit under the cartel solution. e. Compare the Cournot, Stackelberg, and Cartel outcomes to the monopoly outcome you calculated in part a.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:30
Your project team’s recommendations to increase productivity have been approved and your team is now working on an implementation plan. in order to accomplish the plan, several subject matter experts from various parts of the organization have been brought in to assist. you have noticed friction and conflict among team members. some of the disagreement and opposition on your team supports the achievement of team goals and objectives. this type of conflict can be described as:
Answers: 1
question
Business, 22.06.2019 00:30
Salty sensations snacks company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. the company has budgeted the following costs for the upcoming period: 1 factory depreciation $33,782.00 2 indirect labor 84,456.00 3 factory electricity 8,446.00 4 indirect materials 40,356.00 5 selling expenses 26,900.00 6 administrative expenses 17,200.00 7 total costs $211,140.00 factory overhead is allocated to the three products on the basis of processing hours. the products had the following production budget and processing hours per case: budgeted volume (cases) processing hours per case tortilla chips 3,600 0.25 potato chips 5,300 0.11 pretzels 2,300 0.49 total 11,200 required: a. determine the single plantwide factory overhead rate.* b. use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. refer to the amount descriptions list provided for the exact wording of the answer choices for text entries.* * if required, round your answers to the nearest cen
Answers: 1
question
Business, 22.06.2019 11:00
Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.
Answers: 3
question
Business, 22.06.2019 15:10
Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4
Answers: 2
You know the right answer?
Consider two firms, Firm A and Firm B, who compete as duopolists. Each firm produces an identical pr...
Questions
question
Mathematics, 28.04.2021 07:20
question
Computers and Technology, 28.04.2021 07:20
question
Mathematics, 28.04.2021 07:20
question
Mathematics, 28.04.2021 07:20
question
Mathematics, 28.04.2021 07:20
Questions on the website: 13722361