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Author Question: Suppose duopolists face the market inverse demand curve P = 100 - Q, Q = q1 + q2, and both firms ... (Read 425 times)

student77

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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
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Marked as best answer by student77 on Jun 18, 2019

IAPPLET

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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.
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student77

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Reply #2 on: Jun 18, 2019
Thank you!


IAPPLET

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Reply #3 on: Jun 18, 2019
Always glad to help...


shofmannx20

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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

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Reply #5 on: Jun 18, 2019
P1 = 40, P2 = 40.


Capo

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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

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Reply #7 on: Jun 18, 2019
1200.


Capo

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Reply #8 on: Jun 18, 2019
Excellent


irishcancer18

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Reply #9 on: Jun 18, 2019
Great! Please up vote :D


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