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Duopoly quantity-setting firms face the market demand p 270-Q Each firm has a marginal cost of...
Duopoly, quantity-setting firms face the market demand p = 270 - Q. Each firm has a...
Duopoly, quantity-setting firms face the market demand p = 270 - Q. Each firm has a marginal cost of $30 per unit. What is the Cournot equilibrium? The Cournot equilibrium quantities for Firm 1 (91) and Firm 2 (92) are 91 = units and 92 = units. (Enter numeric responses using real numbers rounded to two decimal places.)
Duopoly quantity-setting firms face the market demand p=210-Q. Each firm has a marginal cost of $15...
Duopoly quantity-setting firms face the market demand p=210-Q. Each firm has a marginal cost of $15 per unit. What is the Cournot equilibrium? The Cournot Equilibrium quantities for Firm 1 (q1) and Firm 2 (q2) are: q1= __ units and q2 =__ units . (Enter numeric responses using real numbers rounded to two decimal places.) The Cournot equilibrium price is p=$__ (two decimal places)
A duopoly faces a market demand of p 180-Q. Firm 1 has a constant marginal cost...
A duopoly faces a market demand of p 180-Q. Firm 1 has a constant marginal cost of Mc1 -S20. Firm 2s constant marginal cost is MC2 $40. Calculate the output of each firm, market output, and price if there is (a) a collusive equilibrium or (b) a Cournot equilibrium The collusive equilibrium occurs where q, equals and q2 equals (Enter numeric responses using real numbers rounded to two decimal places) Market output is The collusive equilibrium price is S The...
The market demand function is Q = 10000 - 1000p Each firm has a marginal cost...
The market demand function is Q = 10000 - 1000p Each firm has a marginal cost of m=$0.28. Firm 1, the leader, acts before Firm 2, the follower. Solve for the Stackelberg-Nash equilibrium quantities, prices, and profits. Compare your solution to the Cournot-Nash equilibrium. The Stackelberg-Nash equilibrium quantities are q1 = ____ units and q2= ____ units. (Enter your responses as whole numbers.) The Stackelberg-Nash equilibrium price is: p=$_____________ Profits for the firms are profit1=$_______________ and profit2=$_______________ The Cournot-Nash equilibrium...
What is the homogeneous-good duopoly Coumot equilbrium if the market demand function is Q 10,000-100p, and...
What is the homogeneous-good duopoly Coumot equilbrium if the market demand function is Q 10,000-100p, and each fim's marginal cost is $0.28 per unit? The Cournot-Nash equilbrium occurs where q, equals and equals(Enter numenic responses u Furthermore, the equilibrium occurs at a price of (Round your answer to the nearest penny using real numbers rounded to two decimal places)
What is the homogeneous-good duopoly Cournot equilibrium if the market demand function is Q=4,000-400p, and each...
What is the homogeneous-good duopoly Cournot equilibrium if the market demand function is Q=4,000-400p, and each firm's marginal cost is $0.28 per unit? The Cournot-Nash equilibrium occurs where q 1 equals ____and q 2 equals nothing. (Enter numeric responses using real numbers rounded to two decimal places.)
(16 points) Cournot Duopoly. Market demand is p(Q) = 50 – 4Q, where Q = 4+...
(16 points) Cournot Duopoly. Market demand is p(Q) = 50 – 4Q, where Q = 4+ 42. Firm 1's cost function is C (91) = 0, and firm 2 has a cost function C2(92) = 1092- The two firms engage in Cournot competition; they simultaneously choose a quantity and the price adjusts so that the market clears. (a) Formally write firm 1's profit maximization problem (b) Find firm l's best response function. (c) Take as given that firm 2's best...
Suppose identical price setting duopoly firms have constant marginal costs of $50 per unit and no...
Suppose identical price setting duopoly firms have constant marginal costs of $50 per unit and no fixed costs. Consumers view the firms' products as perfect substitutes. The market demand is Q = 90 - p. In Bertrand equilibrium, firm 1's price is $_and firm 2's price is $ . (Enter numeric responses using integers.)
2. Suppose the market demand curve is P = 40 − 3Q and all firms in...
2. Suppose the market demand curve is P = 40 − 3Q and all firms in the industry face M C = 4 and have no fixed costs. For each of the following situations, calculate the five items: Market Price , Quantity per firm ,Profits per firm ,Consumer Surplus ,Deadweight Loss (a) Uniform pricing monopolist P = Q = π = CS = DWL = (b) Cournot Duopoly P= Q1 = Q2 = π 1 = π2...
A homogeneous products duopoly faces a market demand function given by P a - Q, where...
A homogeneous products duopoly faces a market demand function given by P a - Q, where QQ Q2 and a>300. Both firms have constant marginal costs MC-100. There are no fixed costs. a) What is firm 1's optimal quantity given that firm 2 produces an output of 50 units per year? And what is firm's 1 quantity if firm 2 produces 20 units? [4 marks] b) Derive the equation of each firm's reaction function and provide a graphical explanation to...
Duopoly, quantity-setting firms face the market demand p = 270 - Q. Each firm has a marginal cost of $30 per unit. What is the Cournot equilibrium? The Cournot equilibrium quantities for Firm 1 (91) and Firm 2 (92) are 91 = units and 92 = units. (Enter numeric responses using real numbers rounded to two decimal places.)
A duopoly faces a market demand of p 180-Q. Firm 1 has a constant marginal cost of Mc1 -S20. Firm 2s constant marginal cost is MC2 $40. Calculate the output of each firm, market output, and price if there is (a) a collusive equilibrium or (b) a Cournot equilibrium The collusive equilibrium occurs where q, equals and q2 equals (Enter numeric responses using real numbers rounded to two decimal places) Market output is The collusive equilibrium price is S The...
What is the homogeneous-good duopoly Coumot equilbrium if the market demand function is Q 10,000-100p, and each fim's marginal cost is $0.28 per unit? The Cournot-Nash equilbrium occurs where q, equals and equals(Enter numenic responses u Furthermore, the equilibrium occurs at a price of (Round your answer to the nearest penny using real numbers rounded to two decimal places)
(16 points) Cournot Duopoly. Market demand is p(Q) = 50 – 4Q, where Q = 4+ 42. Firm 1's cost function is C (91) = 0, and firm 2 has a cost function C2(92) = 1092- The two firms engage in Cournot competition; they simultaneously choose a quantity and the price adjusts so that the market clears. (a) Formally write firm 1's profit maximization problem (b) Find firm l's best response function. (c) Take as given that firm 2's best...
Suppose identical price setting duopoly firms have constant marginal costs of $50 per unit and no fixed costs. Consumers view the firms' products as perfect substitutes. The market demand is Q = 90 - p. In Bertrand equilibrium, firm 1's price is $_and firm 2's price is $ . (Enter numeric responses using integers.)
A homogeneous products duopoly faces a market demand function given by P a - Q, where QQ Q2 and a>300. Both firms have constant marginal costs MC-100. There are no fixed costs. a) What is firm 1's optimal quantity given that firm 2 produces an output of 50 units per year? And what is firm's 1 quantity if firm 2 produces 20 units? [4 marks] b) Derive the equation of each firm's reaction function and provide a graphical explanation to...
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