Two firms compete in selling identical widgets. they choose their output levels q1 and q2 simultaneously and face the demand curve p = 30 - qwhere q = q1 + q2. until recently, both firms had zero marginal costs. recent environmental regulations have increased firm 2’s marginal cost to $15. firm 1’s marginal cost remains constant at zero. true-false: is the following statement true of false? "as a result, the market price will rise to the monopoly level." solve for the cournot equilibrium and write a convincing explanation of your answer.

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above

Sarah is an accountant with desires to open her own business. she is looking for office space at a reasonable rate along with internet service. of the conditions that need to be put in place for the entrepreneurial ecosystem, she needs