This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a Cournot duopoly, we find that Firm 1's reaction function is Q1 = 50 - 0.5Q2, and Firm 2's ... (Read 76 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dpost18

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Mr. Wonderful

  • Member
  • Posts: 866
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Summary of Precipitation Reaction Summary of Precipitation Reaction
The Mantoux tuberculin skin test. Positive reaction. The Mantoux tuberculin skin test. Positive reaction.
How to know when a function is increasing or decreasing using calculus (Part 1) How to know when a function is increasing or decreasing using calculus (Part 1)
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
First reaction requires thiamine pyrophosphate as a coenzyme First reaction requires thiamine pyrophosphate as a coenzyme
Find angles (in radians) from trigonometric ratio Find angles (in radians) from trigonometric ratio
Video: Interview with an Anorexic Woman (Part 2 of 2)

For a complete list of videos, visit our video library