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Author Question: Suppose duopolists face the market inverse demand curve P = 100 - Q, Q = q1 + q2, and both firms ... (Read 413 times)

lindiwe

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Reply #10 on: Jun 18, 2019
Suppose duopolists face the market inverse demand curve P = 100 - Q, Q = q1 + q2, and both firms have a constant marginal cost of 10. If firm 1 is a Stackelberg leader and firm 2's best response function is , at the Nash-Stackelberg equilibrium firm 2's output is
◦ 30.
◦ 70.
◦ 60.
◦ 40.
Microeconomics ¦ Perloff ¦ 8th Edition
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wuly

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Reply #11 on: Jun 18, 2019
30.


jayhills49

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Reply #12 on: Jun 18, 2019
Suppose duopolists face the market inverse demand curve P = 100 - Q, Q = q1 + q2, and both firms have a constant marginal cost of 10 and no fixed costs. If firm 1 is a Stackelberg leader and firm 2's best response function is , at the Nash-Stackelberg equilibrium firm 2's profit is
◦ 1200.
◦ 400.
◦ 650.
◦ 800.


cam1229

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Reply #13 on: Jun 18, 2019
800.


jayhills49

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Reply #14 on: Jun 18, 2019
Thank you!


cam1229

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Reply #15 on: Jun 18, 2019
Always glad to help...


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