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The market for disinfectant is dominated by a firms, Lysol and Clorox. The marginal cost (MC)...
this is a 2 part question The market for disinfectant is dominated by 2 firms, Lysol...
this is a 2 part question
The market for disinfectant is dominated by 2 firms, Lysol and Clorox. The marginal cost (MC) for providing disinfectant is $1 (average cost is also $1), and the consumer form their demand for disinfectant via the following inverse demand equation P=5-Q:. The corresponding marginal revenue curve is: P=5- 2Q a. If Lysol and Clorox decide to collude, what quantities will be sold in the market and what price will consumers pay for this quantity...
multiple part question. please answer and cirlcle solutions! i will rate thumbs up for correct answers...
multiple part question. please answer and cirlcle solutions! i will
rate thumbs up for correct answers
The market for disinfectant is dominated by 2 firms, Lysol and Clorox. The marginal cost (MC) for providing disinfectant is $1 (average cost is also $1), and the consumer form their demand for disinfectant via the following inverse demand equation P-5-Q:. The corresponding marginal revenue curve is: P-5-20 a. If Lysol and Clorox decide to collude, what quantities will be sold in the market...
this is a 2 part question Suppose instead that Lysol and Clorox were competing using quantities...
this is a 2 part question
Suppose instead that Lysol and Clorox were competing using quantities (Cournot Competition). Also suppose that the respective marginal cost for each firm is Mysor - 2 - A sor and MC clorox = 2 = AC clorox. The inverse demand equation is still P-5-Q with the marginal revenue being MR-5-20. To make the following questions easier for you, the reaction curves have already been derived. For Lysol the reaction curve is nsor = 1.5...
Suppose instead that Lysol and Clorox were competing using quantities (Cournot Competition). Also suppose that the...
Suppose instead that Lysol and Clorox were competing using quantities (Cournot Competition). Also suppose that the respective marginal cost for each firm is Mysor = 2 = Aysor and MC clorox = 2 = AC clorox. The inverse demand equation is still P = 5-Q with the marginal revenue being MR = 5 - 2Q. To make the following questions easier for you, the reaction curves have already been derived. For Lysol the reaction curve is nysor = 1.5-0.50 clorox...
Suppose that instead of colluding, Lysol and Clorox are competing using prices (Bertrand competition). Also assume...
Suppose that instead of colluding, Lysol and Clorox are competing using prices (Bertrand competition). Also assume that marginal cost for Lysol and Clorox is $1. The inverse demand equation is still P=5-Q with the marginal revenue being P=5-20 a. What will be the market price that consumers pay? b. How many units will be supplied in the market at the market price found in part (a)?
Demand in a market dominated by two firms (a Cournot duopoly) is determined according to: P...
Demand in a market dominated by two firms (a Cournot duopoly) is determined according to: P = 300 – 4(Q1 + Q2), where P is the market price, Q1 is the quantity demanded by Firm 1, and Q2 is the quantity demanded by Firm 2. The marginal cost and average cost for each firm is constant; AC=MC = $74. The cournot-duopoly equilibrium profit for each firm is
2. There are two firms in a market that produce an identical good, both with marginal...
2. There are two firms in a market that produce an identical good, both with marginal cost MC=10. Fixed costs are zero for both firms. Suppose inverse demand for a product is P= 130 – e a) If the firms set the monopoly price and split the monopoly quantity. What quantities do they choose and what profit do they receive? b) Suppose they set quantities simultaneously. That is, suppose the firms play a Cournot game. What quantities do they choose...
1. A monopoly is facing an inverse demand curve that is p=200-5q. There is no fixed cost and the marginal cost of produc...
1. A monopoly is facing an inverse demand curve that is
p=200-5q. There is no fixed cost and the marginal cost of
production is given and it is equal to 50.
Find the total revenue function.
Find marginal revenue (MR).
Draw a graph showing inverse demand, MR, and marginal cost
(MC).
Find the quantity (q) that maximizes the profit.
Find price (p) that maximizes the profit.
Find total cost (TC), total revenue (TR), and profit made by
this firm.
Find...
Suppose a market has two firms that sell identical products. These firms face an inverse market...
Suppose a market has two firms that sell identical products. These firms face an inverse market demand function of P=120 – Q. Firm 1 has a constant MC=20. Firm 2’s marginal cost is MC=30. Find the Cournot equilibrium price, quantities, and profits for each firm. If these firms were able to perfectly collude, what would be the monopoly equilibrium?
You are a monopolist in a market with an inverse demand curve of: P=10-Q. Your marginal...
You are a monopolist in a market with an inverse demand curve of: P=10-Q. Your marginal revenue is: MR(Q)=10-2Q. Your cost function is: C(Q)=2Q, and your marginal cost of production is: MC(Q)=2. a) Solve for your profit- maximizing level of output, Q*, and the market price, P*. b) How much profit do you earn?
this is a 2 part question
The market for disinfectant is dominated by 2 firms, Lysol and Clorox. The marginal cost (MC) for providing disinfectant is $1 (average cost is also $1), and the consumer form their demand for disinfectant via the following inverse demand equation P=5-Q:. The corresponding marginal revenue curve is: P=5- 2Q a. If Lysol and Clorox decide to collude, what quantities will be sold in the market and what price will consumers pay for this quantity...
multiple part question. please answer and cirlcle solutions! i will
rate thumbs up for correct answers
The market for disinfectant is dominated by 2 firms, Lysol and Clorox. The marginal cost (MC) for providing disinfectant is $1 (average cost is also $1), and the consumer form their demand for disinfectant via the following inverse demand equation P-5-Q:. The corresponding marginal revenue curve is: P-5-20 a. If Lysol and Clorox decide to collude, what quantities will be sold in the market...
this is a 2 part question
Suppose instead that Lysol and Clorox were competing using quantities (Cournot Competition). Also suppose that the respective marginal cost for each firm is Mysor - 2 - A sor and MC clorox = 2 = AC clorox. The inverse demand equation is still P-5-Q with the marginal revenue being MR-5-20. To make the following questions easier for you, the reaction curves have already been derived. For Lysol the reaction curve is nsor = 1.5...
Suppose instead that Lysol and Clorox were competing using quantities (Cournot Competition). Also suppose that the respective marginal cost for each firm is Mysor = 2 = Aysor and MC clorox = 2 = AC clorox. The inverse demand equation is still P = 5-Q with the marginal revenue being MR = 5 - 2Q. To make the following questions easier for you, the reaction curves have already been derived. For Lysol the reaction curve is nysor = 1.5-0.50 clorox...
Suppose that instead of colluding, Lysol and Clorox are competing using prices (Bertrand competition). Also assume that marginal cost for Lysol and Clorox is $1. The inverse demand equation is still P=5-Q with the marginal revenue being P=5-20 a. What will be the market price that consumers pay? b. How many units will be supplied in the market at the market price found in part (a)?
2. There are two firms in a market that produce an identical good, both with marginal cost MC=10. Fixed costs are zero for both firms. Suppose inverse demand for a product is P= 130 – e a) If the firms set the monopoly price and split the monopoly quantity. What quantities do they choose and what profit do they receive? b) Suppose they set quantities simultaneously. That is, suppose the firms play a Cournot game. What quantities do they choose...
1. A monopoly is facing an inverse demand curve that is
p=200-5q. There is no fixed cost and the marginal cost of
production is given and it is equal to 50.
Find the total revenue function.
Find marginal revenue (MR).
Draw a graph showing inverse demand, MR, and marginal cost
(MC).
Find the quantity (q) that maximizes the profit.
Find price (p) that maximizes the profit.
Find total cost (TC), total revenue (TR), and profit made by
this firm.
Find...
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