Question

1'reaction Two firme produce the same good and compete against each other in a Cournot market. The market cemand for their product is P=204-40, and each firm has a content marginal cost of $12 per unit. Let Q be the output produced by firm, where I = 1,2. Then, Fim function is A 0,- 24-0.50, OB. Q, = 24. OC. Q, = 24 - Q, OD. 0= 25.5-0.50 OE None of the above. In the Cournal equilibriurn far llie merke., each firm will produce 18 units of culpul, and the market price will be $ 78. Snier your responses 28 villegers.) Fach firm wil earn a profit of $ 10:24. (Enter your roonise as an integer) Suppoee that instead of compeling as a Cournol firm, Fimm 1 decides to announce ile production decision before Firm 2 chooses ils output. Thus, Firm 1 acts as a Sleckelberg firm. Use the same market demand, P-204-40, and marginal cost, S12, es before. Firm 1 wil produca 24 units, Fimm 2 wil produce 12 units, and the market price will be $ 60. F or mour mapanses rounded to nie daamai pilson. Fim 1's profit will be $ 1152. and Firm 2's profit will be $ 576 - (Enter your responses es regers.) After a few years ni Curatand Stackelberg competition, the firms decireta collude and maximize their joins profit. They want to determine the total amount of output they should produce, and then each firm wil produce half that amount The me should produce a total or unite, and the market price wil then be 57. (Enter your responses sa Integers)

Answer 1

P=204 - 49 TR 2 2048-40 ma= 204-89 MC = 12 ма - ис 204 -88 =12 192 = 8 9 8 = 192 1= 24 x joint output P = 204 - 4x24 E 1081 5. joint price