a) The demand function for a duopoly market is P = 1000 - Q. Cost of production for duopolist - I, II are CI = 10 +0.25 QI^2 , CII = 20 + 0.5 QII^2 respectively. Find equilibrium price, output produced and profit earned by the two firms when they set output simultaneously. b. What is the scenario if duopolist - I sets output first and duopolist - Il sets output observing the output produced by duopolist - I? c. Compare output produced, price charged and profits earned by the duopolists for part-a, d. Show the situation using a diagram. e. Is there any possibility of formation of cartel by the two duopolists?

Q: Use the following data to answer the questions below. P $374.00 $366.52 $362.78 $340.34 $332.86…

A: Elasticity of demand depicts how much consumer responds with the change in the price level.

Q: Determine an effective marketing response to a change in the social-cultural • environment.

A: The socio culture environment deals with the relationship among the society, culture and marketing.…

Q: 10 Average cost Profit or loss Marginal cost 8 7 4 Demand 2 1 Marginal revenue 10 20 30 40 50 60 70…

A: The profit is maximized where MC=MR At this pointP=6Q=40ATC=4Profit=(P-ATC)*Q=(6-4)*40=80 At the…

Q: what is marketing and what does it seek to accomplish?

A: Marketing is an activity that is undertaken by institutions and businesses to communicate their…

Q: What are the advantages of personal selling over otherforms of customer communication?

A: Personal selling: personal selling is where the business use sales force people to sell the products…

Q: Please type your NUMERICAL answer in the space below. ENTER ONLY THE NUMBER. IF answers are in…

A:

Q: Explain the importance of reading a classification tree effectively? How could this benefit an…

A: This philosophy is all the more usually known as a classification tree effectively from information…

Q: Question 4 is the benefit that customers receive from a good or service when others also are using…

A: Benefit reffers to the advantage or usefullness comes from by using a service or a product. It is…

Q: Differentiate between utlilty,stisfaction,value and price

A: The study of Economics deals with the allocation of goods and services so as to satisfy maximum…

Q: When a media company promotes itself as reaching a particular demographic, how should we use that…

A: Media company promotes itself by reaching out in the particular demographic, through understanding…

Q: Pick a business you use and tell which market they are in and why.

A: A market is a place where the buyers and sellers interact with each other party and determine the…

Q: If there is no money, what is the number of barter prices we need if there are 1,000 goods? Add your…

A: In a scenario where money is absent, the barter system requires individuals to directly exchange…

Q: What can be used to influence and shape consumers’ intangible preferences in order to differentiate…

A: The objective of the question is to identify the strategy that can be used to influence and shape…

Q: How does penetration pricing strategy affect the company's performance and how they benefit from…

A: Penetration pricing is a marketing strategy wherein a firm attempts to penetrate the market for a…

Q: What are concerns that some people have with the use of consumer decision nudges by governments?

A: The study of consumer behavior explains how individuals choose what products and services to buy,…

Q: Distinguise the Perfect Information and Imperfect Infomation.

A: The concepts of Perfect Information and Imperfect Information are about game theory. Perfect…

Q: Discuss the short-run and long-run welfare effects of high-speed internet.

A: High-speed internet  has many economic implications in any country. With the advancement in…

Q: What Is E-Reverse Auctions?

A: Auctioning is the mechanism by which a seller offers different potential customers some goods for…

Q: Would it be ethical if Facebook profited from selling your and others' personal information to…

A: Ethical issues in the business refer to the decisions of business affecting the moral standards of…

Q: Provide an overview and description of several e-commerce strategies that can be implemented through…

A: Ecommerce, often known as electronic commerce or online commerce, is the purchasing and selling of…

Q: What are the consequences of reduced publicfunding?

A: Public funds are collected through the public by means of taxes, interests, fees, etc. These funds…

Q: Think of a situation where tier pricing was used very effectively. What was the mechanism used and…

A: Tier Pricing method- This is a pricing method where by the producer resorts to differential pricing…

Q: What are the objects of exchange control? Write any 10 objects.

A: Exchange controls refer to the imposed controls and restrictions by the government on private…

Q: Suppose your company had just developed a new TV set that had TiVo (the digital video recorder)…

A: Pricing decisions are diverse determinants of an organization's performance, requiring a methodical…

Q: What economic process causes a portion of a network good's demand curve to slope downward? lower…

A: Network goods are a kind of economic good where the worth of the good to an individual consumer…

Q: What was the marketing analysis for Vodafone in the UK in the 1980s?

A: Vodafone is a multinational company headquartered in London England. It is the world’s leading…