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Quantity Price ($) TR ($) MR ($) 400 12,000 30 3,000 600 25 15,000 1,000 800 20 16,000 -1,000 1,000 15 15,000 -3,000 1,200 10 12,000 -5,000 1,400 5. 7,000 000,ו- 1,600 Instructions: Enter your answers to the nearest whole number. a. If they evenly split the quantity a monopolist would produce, the monthly profit for each duopolist is $|

Quantity Price ($) TR ($) MR ($) 400 12,000 30 3,000 600 25 15,000 1,000 800 20 16,000 -1,000 1,000 15 15,000 -3,000 1,200 10 12,000 -5,000 1,400 5. 7,000 000,ו- 1,600 Instructions: Enter your answers to the nearest whole number. a. If they evenly split the quantity a monopolist would produce, the monthly profit for each duopolist is $|

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The table below shows the monthly demand schedule for a good in a duopoly market. The two producers in this market each face $4,500 of fixed costs per month. There are no marginal costs. Quantity Price ($) TR ($) MR ($) 400 30 12,000 3,000 600 25 15,000 1,000 800 20 16,000 -1,000 1,000 15 15,000 -3,000 1,200 10 12,000 -5,000 1,400 7,000 -7,000 1,600 Instructions: Enter your answers to the nearest whole number. a. If they evenly split the quantity a monopolist would produce, the monthly profit for each duopolist is $[ b. If duopolist A decides to increase production by 200 units, the monthly profit for duopolist A is $ |and for duopolist B $
Transcribed Image Text:The table below shows the monthly demand schedule for a good in a duopoly market. The two producers in this market each face $4,500 of fixed costs per month. There are no marginal costs. Quantity Price ($) TR ($) MR ($) 400 30 12,000 3,000 600 25 15,000 1,000 800 20 16,000 -1,000 1,000 15 15,000 -3,000 1,200 10 12,000 -5,000 1,400 7,000 -7,000 1,600 Instructions: Enter your answers to the nearest whole number. a. If they evenly split the quantity a monopolist would produce, the monthly profit for each duopolist is $[ b. If duopolist A decides to increase production by 200 units, the monthly profit for duopolist A is $ |and for duopolist B $
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