Let demand for car batteries be such that Q = 100 − 2P. Assume constant marginal...

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Let demand for car batteries be such that Q = 100 − 2P. Assume constant marginal...

Let demand for car batteries be such that Q = 100 − 2P. Assume constant marginal costs of 15. Compute the equilibrium price, quantity, consumer surplus, producer surplus and if relevant deadweight loss for:

i. A perfectly competitive firm

ii. A monopoly

iii. Two firms engaged in Cournot Competition.

iv. Two firms engaged in Bertrand Competition

business economics

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Answer 1

Answer #1

&-l008P P s0-0-O On Cas of ferft oypehion Cnsene Supl Produ ca seyples 35to/2 24 DWLZO CO35 4 P=32.r CS.PhR 35x 19.5-30 6. 2

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