The market demand in a homogeneous-product Cournot duopoly is P = 100 - 2Q, where Q = Q1 + Q2 (Firm 1 and Firm 2), and the costs functions for each firms are: TC1 = 12Q1 and TC2 = 20Q2.   Instructions: Use no decimals. Use the average cost to calculate monopoly profits. Do not round if values are used to complete other calculations. Complete the following table.   Q1 Q2 P Profits F1 Profits F2 F1 cheats w/ QDC, F2 colludes           F1 cheats w/ QBRF,  F2 2 colludes

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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The market demand in a homogeneous-product Cournot duopoly is P = 100 - 2Q, where Q = Q1 + Q2 (Firm 1 and Firm 2), and the costs functions for each firms are: TC1 = 12Q1 and TC2 = 20Q2.  

Instructions: Use no decimals. Use the average cost to calculate monopoly profits. Do not round if values are used to complete other calculations.

Complete the following table.

 

Q1

Q2

P

Profits F1

Profits F2

F1 cheats w/ QDC, F2 colludes

 

 

 

 

 

F1 cheats w/ QBRF,  F2 2 colludes

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