2. Suppose the duopolists producing homogeneous products face the following market demand curve P=80-Q where Q= Q, +Q, G= 200, and TC, =10Q, Suppose they compete by simultaneously choosing output, what price will each firm choose? How much will each firm produce? And how much profit will each firm make?

Q: . for two firms that share a market if demand p=300-q where q is the total quantity sold and fixed…

A: Given Demand- p= 300-q Fixed Cost= 300 Marginal Cost= 20

Q: 1. Two companies (A and B) are duopolists that produce identical products. Demand for the products…

A: πA = P x QA − TCA      = (10,000 − QA − QB) x QA − (500,000 + 200QA + .5QA2)      = −500,000 +…

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A: The demand function, P = 10000 – QA – QB The cost function of firm 1, TCA = 500,000 +200QA +0.5 A^2…

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Q: Consider two Cournot oligopolists, firm 1 and firm 2, in a homogenous product market. The market…

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A:

Q: 1. Suppose there are two firms who are Cournot duopolists (set quantity simultaneously) in the wine…

A: P= 300-0.2Q where Q = q1 +q2 P=300-0.2(q1+q2)

Q: tion 28 opose duopolists in the market for spring water share a market demand curve en by P = 380…

A:

Q: Question 4 ( F There are two taco places in a city. Demand for taco is given by Q = 200-10P. Each…

A: When MR= MC , it represents the equilibrium situation where quantity and price are determined.

Q: 1) A monopoly faces a demand curve P(Q) = 120 – 2Q, and has a marginal cost of 60. a. What is…

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…

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Q: Question 1 quantity produced by firms 1,2 and let the inverse demand given by p = 12 – q1- q2 where…

A: TABLE 1: - q2=2 q2=4 q2=5 q1=2 12 8* 6* q2=4 16* 8* 4 q1=5 15 5 0   CALCULATION: TR =…

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