This topic contains a solution. Click here to go to the answer
« previous next »
Pages: 1 2  All   Go Down

Author Question: Suppose duopolists face the market inverse demand curve P = 100 - Q, Q = q1 + q2, and both firms ... (Read 427 times)

student77

  • Hero Member
  • *****
  • Posts: 567
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 1's output is
◦ 60.
◦ 40.
◦ 70.
◦ 30.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by student77 on Jun 18, 2019

IAPPLET

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


student77

  • Hero Member
  • *****
  • Posts: 567
Reply #2 on: Jun 18, 2019
Thank you!


IAPPLET

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 18, 2019
Always glad to help...


shofmannx20

  • Hero Member
  • *****
  • Posts: 562
Reply #4 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 the prices the two firms charge are
◦ P1 = 40, P2 = 40.
◦ P1 = 30, P2 = 40.
◦ P1 = 40, P2 = 30.
◦ P1 = 30, P2 = 30.


swimkari

  • Sr. Member
  • ****
  • Posts: 332
Reply #5 on: Jun 18, 2019
P1 = 40, P2 = 40.


Capo

  • Hero Member
  • *****
  • Posts: 545
Reply #6 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 1's profit is
◦ 400.
◦ 650.
◦ 1200.
◦ 800.


irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Reply #7 on: Jun 18, 2019
1200.


Capo

  • Hero Member
  • *****
  • Posts: 545
Reply #8 on: Jun 18, 2019
Excellent


irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Reply #9 on: Jun 18, 2019
Great! Please up vote :D


Pages: 1 2  All   Go Up
« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

A Receiver-Operating-Characteristic (ROC) Curve A Receiver-Operating-Characteristic (ROC) Curve
The Kuznets Curve in England and Wales, 1823–1915 The Kuznets Curve in England and Wales, 1823–1915
Derivative of Inverse Trig Function Derivative of Inverse Trig Function
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Saturation curve for hemoglobin of humans, llamas, and other mammals. Saturation curve for hemoglobin of humans, llamas, and other mammals.
Video: Non-polar compounds - insolubility

For a complete list of videos, visit our video library