The market demand in a homogeneous-product Cournot duopoly is P = 113 - 2.2Q, where Q = Q1 + Q2 (Firm 1 and Firm 2), and the costs functions for each firm are: TC1 = 25 + 16.3Q1 and TC2 = 29 + 27.7Q2.  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 Duopoly competition           Collusion

ENGR.ECONOMIC ANALYSIS
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The market demand in a homogeneous-product Cournot duopoly is P = 113 - 2.2Q, where Q = Q1 + Q2 (Firm 1 and Firm 2), and the costs functions for each firm are: TC1 = 25 + 16.3Q1 and TC2 = 29 + 27.7Q2. 

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

Duopoly competition

 

 

 

 

 

Collusion

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