English, 06.12.2019 02:31 lkipjjjjjjjjjj2272

Two firms in the market agreed verbally to produce 10 units each, thus producing the monopoly output of 20, and sharing resulting profit of 400 equally between them. there were no binding commitment to stop one or both firms from reneging on such an agreement and producing some other amount. suppose that the only action considered by each firm is to produce its capacity output of 12 units. thus, each firm has the action set (10, 12)

a). show the extensive form of the game in which the firms produce and put their outputs onto the market simultaneously.

b). given i =a ,b where a is firm a and b is firm b.
c=cq=qa+qb ( given per unit cost function (c) as 1) and p=41-qi as the demand function where qj=qa+qb
i) drive the expression for the firms profit function
ii). generate the profit pairs for the two firms

c) write the game in its strategic form and determine
i). the dominant strategic for the firm
ii). nash equilibrium of the firm.

Answers: 1

Show answers

Other questions on the subject: English

English, 21.06.2019 14:30, deanazilyiah

Which historical detail can best clarify a reader’s understanding of the information in the excerpt? immigrant factory workers who spoke the same language were separated from each other at work. immigrant factory workers who spoke the same language were known to talk too much at work. immigrant factory workers had to pay rent for their chairs and the supplies they needed at work. immigrant factory workers were crowded into unsafe buildings with locked doors and fire escapes.

Answers: 1

continue

English, 21.06.2019 22:10, sbhishop19

What is the primary setting and action of book 13 of the odyssey? a. calypso capturing ulysses on ogygia b. telemachus traveling to sparta c. ulysses retuming to ithaca d. ulysses traveling in disguise to crete

Answers: 1

continue

English, 22.06.2019 05:00, evere11605

Who was the last member of the stuart line whose death left britain without a clear successor? a. george i b. queen anne c. charles ii d. queen elizabeth

Answers: 1

continue

English, 22.06.2019 07:30, nicholasryanencarnac

Read the passage below and answer the question that follows. ‘you make me feel uncivilized, daisy,’ i confessed on my second glass of corky but rather impressive claret. ‘can’t you talk about crops or something? ’ i meant nothing in particular by this remark but it was taken up in an unexpected way. ‘civilization’s going to pieces,’ broke out tom violently. ‘i’ve gotten to be a terrible pessimist about things. have you read ‘the rise of the coloured empires’ by this man goddard? ’ ‘why, no,’ i answered, rather surprised by his tone. ‘well, it’s a fine book, and everybody ought to read it. the idea is if we don’t look out the white race will be—will be utterly submerged. it’s all scientific stuff; it’s been proved.’ in this passage, tom’s ideas about race relations come off as uncivilized. what literary device is fitzgerald using here? irony personification metaphor simile

Answers: 1

continue

You know the right answer?

Two firms in the market agreed verbally to produce 10 units each, thus producing the monopoly output...