subject
Mathematics, 10.06.2021 02:40 kklovesfood

Consider a market in which the market demand curve is given by P = 18 - Q. Firm 1 has a marginal cost of 3, while Firm 2 has a marginal cost of 6. a) Find the Cournot equilibrium outputs in this market. How much profit does each firm make? (4 points)
b) Find the Stackelberg equilibrium in which Firm 1 acts as the leader. How much profit does each firm make?

ansver
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 14:10, evalentine843
Olivia uses the work below to determine 55% of 720 which explains the error in olivia’s solution
Answers: 1
image
Mathematics, 21.06.2019 14:40, hananh19
The height of a triangle is 4 in. greater than twice its base. the area of the triangle is no more than 168 in.^2. which inequalitycan be used to find the possible lengths, x, of the base of the triangle?
Answers: 1
image
Mathematics, 21.06.2019 21:30, adam15200031
Yesterday, george drank 1 small bottle and 2 large bottles, for a total of 1,372 grams. the day before , he drank 1 small bottle and 1 large bottle, for the total of 858 grams. how many grams does each bottle hold?
Answers: 1
image
Mathematics, 22.06.2019 02:00, cuhh
Which of the following is a cost homeowners insurance does not protect? a. the cost of repair or replacement of a home lost in a natural disaster. b. additional living expenses required while your home is repaired after a disaster. c. replacement costs for all contents in your home, including high cost electronics. d. the cost of medical expenses incurred by somebody getting injured on your property. select the best answer from the choices provided
Answers: 3
You know the right answer?
Consider a market in which the market demand curve is given by P = 18 - Q. Firm 1 has a marginal cos...

Questions in other subjects: