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Author Question: Suppose duopolists face the market inverse demand curve P = 100 - Q, Q = q1 + q2, and both firms ... (Read 143 times)

rlane42

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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
 
  A) 400.
  B) 650.
  C) 800.
  D) 1200.

Question 2

If an upstream monopoly and a downstream monopoly vertically integrate into a profit-maximizing monopoly, then the total amount of deadweight loss in the industry
 
  A) will increase.
  B) will decrease.
  C) will remain unchanged.
  D) cannot be determined.


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heyhey123

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rlane42

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Reply 2 on: Jul 1, 2018
:D TYSM


scottmt

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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