of any firm in the industry is given by 4q. a. What will the equilibrium look like if 2 Cournot firms operated in the market? b. If the two firms decided to collude what would the equilibrium look like then? c. Suppose firm 1 decides to violate the implicit contract between the colluding firms. What would be the profits of each of the two firms. d. If Firm 1 was a Stackelberg leader, what would its profits be?

of any firm in the industry is given by 4q. a. What will the equilibrium look like if 2 Cournot firms operated in the market? b. If the two firms decided to collude what would the equilibrium look like then? c. Suppose firm 1 decides to violate the implicit contract between the colluding firms. What would be the profits of each of the two firms. d. If Firm 1 was a Stackelberg leader, what would its profits be?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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