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urcise With regard to the diagram below representing the domand and supply curves, writle in the corresponding 75 the demand curve equation the supply curve equation; 40 the equilibrium quantity (solve algebricaly) the equilibrium price (solve algebrically) 20 25
Question 7: The enclosed graph below, taken from your textbook, shows the payoff matrix of two firms facing the alternative between following the Cous uopoly strategy or a collusive agreement. The values reported in the matrix are consistent with those sown in the graph of question 6 above. Explain: here the values of the matrix come from; () the notion of Nash Equilibrium; (ii) which of the four cells represent the Nash equilibrium. Firm 2s output choices Q-20 Q-15 Firm 1s output choices
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22-2 maton is civen bs ts 3(0-25) 325-P 25 33 2. 225-o 33 2 2 3 6

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