Business, 30.11.2019 07:31 pwolfiimp4
Consider a two-firm oligopoly facing a market inverse demand curve of p = 100 – 2(q1 + q2), where q1 is the output of firm 1 and q2 is the output of firm 2. firm 1's marginal cost is constant at $12, while firm 2's marginal cost is constant at $20. in cournot equilibrium, how much output does each firm produce?
1. q1 = 14; q2 = 11
2. q1 = 16; q2 = 12
3. q1 = 18; q2 = 8
Answers: 2
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6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next
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Consider a two-firm oligopoly facing a market inverse demand curve of p = 100 – 2(q1 + q2), where q1...
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