Homework Answers
| Q | TC | MC |
| 0 | 2 | |
| 1 | 7 | 5 |
| 2 | 11 | 4 |
| 3 | 13 | 2 |
| 4 | 16 | 3 |
| 5 | 21 | 5 |
| 6 | 28 | 7 |
| 7 | 38 | 10 |
a) FC = 2
b) Setting P=MC, the firm will produce Q = 6 units
c) Profit = (6*8)-28 = 20
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firms A and B when there are two strategies facing each firm: (1)
charge a low price, or (2) charge a high price.
a) why the equilibrium in this game (played once) is a dominant
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b) In Nash equilibrium, what the economic profit firm A makes
?
c) If both firms could successfully...
How to solve for the table
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