2 Two firms Intel and AND in the CPU market have combined demand given by QE...
Two firms Intel and AMD in the CPU market have combined demand given by Q = 100 - P. Their total costs are given by TC Intel = 4 Q Intel + 2 Q Intel^2 and TC AMD = 4 Q AMD + 2 Q AMD^2. If they successfully collude, the market price will be??
Two firms Intel and AMD in the CPU market have combined demand given by Q = 100 - 2 P. Their total costs are given by TC Intel = 2 Q Intel + Q^2 Intel and TC AMD = 2 Q AMD + Q^2AMD. If they cannot successfully collude and instead produce where the market price equals marginal cost, the market price will be: Answers: 66 66.67 34 32 98
Te Intel Intel and + Q2 Two firms intel and AMD in the CPU market have combined demand given by Q = 100-2p. Their costs are given by = 2 Q + Q² Intel TC AMD = 2Q If they cannot AMD AMD successfully collude & Instead produce where the market Price equals marginal cost the market price will be
Suppose we have a market demand Q = 18 – P and a cost C(Q) 9) = 3Q?. Suppose a second firm enters the market described in question 1 (market demand is 1 still Q = 18 – P) with the same cost (cle) = 109. a. If the two firms successful collude what is the equilibrium market quantity and price? b. If the two firms successfully collude what is the joint profit? C. What do we call a collusion...
Suppose that the firms in the Cournot oligopoly decide to collude. The corresponding demand curve for the monopolist is given by P= 100-20 where MR = 100-4Q; MC = 4, TC = 4Q Solve for the cartel (total) output, price, and profit. O Q* = 42; p* = 25; Profit = 1152 O Q* = 4; p* = 92; Profit = 352 O Q* = 48; P* = 24; Profit = 1152 O Q* = 24; p* = 52; Profit...
Suppose a second firm enters the market described in question 1 (market demand is still Q = 18 – P) with the same cost (CQ) = Q?). a. If the two firms successful collude what is the equilibrium market quantity and price? b. If the two firms successfully collude what is the joint profit? c. What do we call a collusion of firms? d. Why do we not usually see successful collusion of firms?
Two firms A and B control the market for mouth guards and face a market demand curve for mouth guards given by Q = 320 − 4P where Q is the total sales of mouth guards. The short-run cost curves of the two firms are given by SRTCA = 2090 + (q2A)/4 SRTCB = 1045 + (q2B)/2 a) If the two firms agree to collude in order to maximize their joint profits, what will be output of each firm and...
The market inverse demand curve for a good is is P = 15 – 1.5Q, where P is the price in dollars. The marginal cost is $0.18. If the two firms in this industry successfully collude as a cartel, the market price will be $_ $4.94 $1.75 $3.62 $0.38 $7.59
3. A market consists of 100 identical firms and the market demand curve is given by D(P) = 60 - P. Each firm has a short-run total cost curve STC(q)-0.1+150q2. What is the short-run equilibrium price and quantity in this market? 4. The short-run marginal cost curves of two types of firms in an industry are given as MC1 = 3q and MC2 = 5q respectively. There are 100 firms of each type. If these firms behave competitively, determine the...
Suppose that demand in a given market is given by P = 439 - Q and marginal costs are constant, with MC = 147. Assume that fixed costs are zero (so ATC also are constant at 147). If there are only two firms in the market, one can construct a matrix as shown below representing the payoffs to strategies: Firm 2 Collude (92=73) Compete (92=97) Collude (qı=73) 10658, 10658 8906, 11834 Firm 1 Compete (qi=97) 11834, 8906 9506, 9506 a.)...