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 481 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?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Bones of the Face and Skull (Lateral View) Bones of the Face and Skull (Lateral View)
Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
a) Face the direction of your stroke. b) Avoid facing away from your stroke. a) Face the direction of your stroke. b) Avoid facing away from your stroke.
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
Iraqi market Iraqi market
Video: Interpreting a cladogram Animation

For a complete list of videos, visit our video library