Porter's competitive forces framework,(as an entry barrier) arise in industrieswhere a buyer's willingness to pay for acompany's product increases with the number ofother buyers who also patronize the company.(a) demand side benefits of scale, (b) supply sideeconomies of scale, (c) equilibrium economies ofscale, (d) supply side benefits of scope, (e)equilibrium benefits of scale

Porter's Five Forces framework, developed by Michael Porter, is a strategic model used to analyze…

Answered: Porter's competitive forces framework,…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Q2. Cournot Model (production competition model) Consider a Cournot model. The market demand is p=180-q1-q2. The marginal cost for both firms is 30 and there are no fixed costs. A. Derive each firm's best response function. B. Find the Nash equilibrium. C. Find the equilibrium price and each firm's profit. D. Find the consumer surplus and the social welfare at equilibrium.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
(Dominant Firm with Fringe Competition) The structure of competition in the market for product A follows the dominant firm model with competitive fringes, where there is one company that is a dominant player and there are many fringes companies that compete competitively. The total demand for product A in this market is expressed by P = 1200 - Q, while the supply function of the competitive fringe is expressed by Sf: qf = P - 240. If the dominant firm is known to have marginal costs as follows: MCd = 240 + 0.25qd a. What is the minimum price level required by the competitive fringe to offer output? At what price level will the fringe company supply the entire market? Thank you bartleby!
Question 4: Profit Maximization Price per Quantity Marginal Use the table on the left to answer the following sub-questions. (Hint: It may be useful to draw a diagram based on the information provided to Unit Demanded Revenue $100 $90 40 $90 help you visualize the question.) $80 80 $70 Imagine that a vaccine for COVID-19 is designed, patented and produced by PharmaCo, Inc.; so, now PharmaCo, Inc. is a monopolist producer of this new vaccine that everyone needs. Phar- maCo, Inc. has a constant marginal cost of pro- duction of $10 per unit of the vaccine. For sim- plicity, we will say that average total cost is also constant at $10 per unit. $70 120 $50 $60 160 $30 $50 200 $10 $40 240 -$10 $30 280 -$30 $20 320 -$50 $10 360 -$70 1. How many units of the vaccine will PharmaCo, Inc. produce and supply? Why? 2. How much profit is earned by Pharmaco, Inc. if it produces the quantity you mentioned above? 3. If Pharmaco, Inc. did not have a patent, and the market were perfectly competitive with…
DuopolyMarket for mechanical pencils can be described by the following demand schedule:Price | Number of pencils demanded$6 | 80$5 | 200$4 | 320$3 | 440$2 | 560$1 | 680$0 | 800The fixed cost is $340, while the variable cost is $0.50.d) If there were two firms on the market and they agreed to cooperate, how much would eachfirm need to produce? Follow the procedure outlined in the lecture and show that the otherfirm would prefer to deviate from the agreement.e) When the firms deviate from the agreement, there is a new optimal level of output. Showwhether the firms have an incentive to deviate from that level?f) If there were two firms on the market, what would be the price and the quantity of pencilstraded if the firms couldn’t cooperate?
This is related to a competitive market player (company): Please refer to the figure above. The competitive market player will produce ____ units of output. A)0 B)45 C)90 D)100
usiness EconomicsQ&A LibraryTwo firms A and B produce an identical product (Note: Industry Output = Q). The firms have to decide how much output qA and qB (Note: qA = Firm A Output; qB = Firm B Output) they must produce since they are the only two firms in the industry that manufacture this product. Their marginal cost (MC) is equal to their average cost (AC) and it is constant at MC = AC = X, for both firms. Market demand is given as Q = Y – 2P (where P = price and Q = quantity). Select any value for X between [21 – 69] and any value for Y between [501 – 999]. Using this information, calculate the Industry Price, Industry Output, Industry Profit, Consumer Surplus and Deadweight Loss under each of the following models: (a) Cournot Model Two firms A and B produce an identical product (Note: Industry Output = Q). The firms have to decide how much output qA and qB (Note: qA = Firm A Output; qB = Firm B Output) they must produce since they are the only two firms in…
Specific Instructions: Identify the factor/s affecting the supply and/or demand for each of the underlined good or service . Start from an initial equilibrium market condition (see figure below) and then illustrate the shift/s in the supply and/or demand curve/s Assume equal magnitude of shift in the supply and demand curves. Label all figures and use an arrow to show the direction of the shift. P P Q 1. Onion farmers in Occidental Mindoro and Ilocos Sur used high-yielding varieties and adopted the Code of Good Agricultural Practices (GAP) for onion production. 2. The African Swine Fever (ASF) forced many hog raisers to perform culling. On the other hand, the government increased the minimum access volume and lowered the tariffs for pork. 3. The Department of Agriculture installed tramlines in cabbage-growing areas in the northern area of the Philippines. This resulted in farmers being able to bring down their produce for pick-up by traders along the highways.

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