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Author Question: In a Cournot duopoly, we find that Firm 1's reaction function is Q1 = 50 - 0.5Q2, and Firm 2's ... (Read 97 times)

Mr. Wonderful

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on: Jul 1, 2018
In a Cournot duopoly, we find that Firm 1's reaction function is Q1 = 50 - 0.5Q2, and Firm 2's reaction function is Q2 = 75 - 0.75Q1. What is the Cournot equilibrium outcome in this market?
 
  A) Q1 = 20 and Q2 = 60
  B) Q1 = 20 and Q2 = 20
  C) Q1 = 60 and Q2 = 60
  D) Q1 = 60 and Q2 = 20

Question 2

Bundling is effective when the demands for the bundled products are ________ and ________ correlated.
 
  A) different; negatively
  B) different; positively
  C) similar; negatively
  D) similar; positively
  E) identical; perfectly


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dpost18

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Mr. Wonderful

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

nothere

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Reply 3 on: Yesterday
:D TYSM

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