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A duopoly faces a market demand of p 180-Q. Firm 1 has a constant marginal cost...
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)
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.)
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)
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 marginal cost of $15 per unit What is the Coumot equilibrium? The Cournot equilibrium quantities for Firm 1 (q1) and Firm 2 (42) are -85 units 02- 85units. (Enter numeric responses using real numbers rounded to two decimal places.) 10 and PM The Cournot equilbrium price is he Counot equilibrium? mot equilibrium quantities for Firm 1 (91) and Firm 2 (42) are 1 85 units 2 85...
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...
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.)
2. (Cournot Model) Consider a Cournot duopoly. The market demand is p=160 - q2. Firm 1's...
2. (Cournot Model) Consider a Cournot duopoly. The market demand is p=160 - q2. Firm 1's marginal cost is 10, and firm 2's marginal cost is also 10. There are no fixed costs. A. Derive each firm's best response function B. What is the Nash equilibrium of this model? Find the equilibrium market price. C. Find the equilibrium profit for each firm D. Find the equilibrium consumer surplus in this market. 3. (Bertrand Model) Consider a Bertrand duopoly. The market...
A homogeneous product duopoly faces a market demand function given by p = 300 - 3Q,where...
A homogeneous product duopoly faces a market demand function given by p = 300 - 3Q,where Q = q1 + q2. Both firms have constant marginal cost MC = 100. (part 2) 1a. What is the Bertrand equilibrium price and quantity in this market? 1b. Suppose Firm 1 is the Stackelberg leader, what is the equilibrium price in this market if Firm 2 plays the follower in this duopoly market? What is the equilibrium quantity? How much does each firm...
Suppose that identical duopoly firms have constant marginal costs of $16 per unit. Firm 1 faces...
Suppose that identical duopoly firms have constant marginal costs of $16 per unit. Firm 1 faces a demand function of q1 130-2p1+1p2 where q1 is Firm 1's output, p1 is Firm 1's price, and p2 is Firm 2's price. Similarly, the demand Firm 2 faces is 2 130-2P2+ 1p1 Solve for the Bertrand equilibrium. Note that OTI _-130-2p1 + 1p2-2p1 +32-0 op1 and oP2 p 130-2p2+ 1p1-2p2+320 In equilibrium, p1 equals $and p2 eqs (Enter numeric responses using integers.)
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...
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)
Duopoly quantity-setting firms face the market demand p 270-Q Each firm has a marginal cost of $15 per unit What is the Coumot equilibrium? The Cournot equilibrium quantities for Firm 1 (q1) and Firm 2 (42) are -85 units 02- 85units. (Enter numeric responses using real numbers rounded to two decimal places.) 10 and PM The Cournot equilbrium price is he Counot equilibrium? mot equilibrium quantities for Firm 1 (91) and Firm 2 (42) are 1 85 units 2 85...
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.)
2. (Cournot Model) Consider a Cournot duopoly. The market demand is p=160 - q2. Firm 1's marginal cost is 10, and firm 2's marginal cost is also 10. There are no fixed costs. A. Derive each firm's best response function B. What is the Nash equilibrium of this model? Find the equilibrium market price. C. Find the equilibrium profit for each firm D. Find the equilibrium consumer surplus in this market. 3. (Bertrand Model) Consider a Bertrand duopoly. The market...
Suppose that identical duopoly firms have constant marginal costs of $16 per unit. Firm 1 faces a demand function of q1 130-2p1+1p2 where q1 is Firm 1's output, p1 is Firm 1's price, and p2 is Firm 2's price. Similarly, the demand Firm 2 faces is 2 130-2P2+ 1p1 Solve for the Bertrand equilibrium. Note that OTI _-130-2p1 + 1p2-2p1 +32-0 op1 and oP2 p 130-2p2+ 1p1-2p2+320 In equilibrium, p1 equals $and p2 eqs (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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