What is the duopoly Nash-Cournot equilibrium if the market demand function is Q = 1,000 - 1,000p,

Question:

What is the duopoly Nash-Cournot equilibrium if the market demand function is Q = 1,000 - 1,000p, and each firm’s marginal cost is $0.28 per unit?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

See More Books

Question Posted: Nov 12, 2018 07:28 AM

See More Questions

What is the homogeneous- good duopolys Nash- Cournot equilibrium if the market demand function is Q = 1,000 1,000p and each firms marginal cost is $ 0.28 per unit?
The market demand function is Q = 1,000 1,000p. Each firm has a marginal cost of m = 0.28 (28 per unit). Firm 1, the leader, acts before Firm 2, the follower. Solve for the Stackelberg equilibrium...
Grays Gravel and Gravel Depot are duopoly producers of gravel in a small city. Industry output Q is the sum of Grays output and Gravel Depots output. The market demand function for truckloads of...
Consider the circuit shown in (Figure 1). Suppose that v 240 V,v 2 110 V, and v 3 450 V Figure 1 of 1 a) Use the mesh-current method to find the magnitude of the total power developed in the circuit...
In a stunt, three people jump off a platform and fall 9.9 m onto a large air bag. A fourth person at the other end of the air bag, the "flier," is launched 17 m vertically into the air. Assume all...
Simple regression was employed to establish the effects of childhood exposure to lead. The effective sample size was about 122 subjects. The Independent variable was the level of dentin lead parts...
Answer the problem on the basis of the given graph and the most likely estimates given as follows: Graph: Variations in the profit and useful life of the project are inversely related. (a) True (b)...
1 Outline the role that a government-owned company might take in its management of a major piece of transport infrastructure (could be a road, railway or airport, for instance). 2 Should it be...
Aferc conqerting the euros hack fo doliers, you would have 1 (Wound fo the nearest cont)
Plot the waveform of vo(t) assuming ideal op amp. The switch S1 is switched to position "A" from position "B" at t = 4 second. 6 k2 6 k2 v,(t) o- +10 V 4 k2 vo(t) V3(t) o- -10 V 4 k2: A B 2 V v,(t)...
Holding the number of firms in the market fixed, what happens to the price as the number of noncartel members rises? Why?
In 2010 and 2011, the U.S. government gave incentives to new businesses. A new firm could write off $10,000 in start-up costs, they could write off new capital investment, investors who invested in...
Allegiant Airlines charges a mean base fare of $89. In addition, the airline charges for making a reservation on its website, checking bags, and in-flight beverages. These additional charges average...
Global Operations Management is supported by Strategic Supply Chain Management in many ways. Elucidate the following; List and briefly define/describe the Five (5) Components of Strategic Supply...
The Alpine House, Inc. is a large winter sports equipment broker. Below is an income statement for the company's ski department for a recent quarter. LA CASA ALPINA, INC. Income Statement - Ski...
Two investment portfolios are shown. Investment Portfolio 1 Portfolio 2 ROR Savings Account $1,425 $4,500 2.80% Government Bond $1,380 $3,600 1.55% Preferred Stock $3,400 $2,150 11.70% Common Stock...
The following information pertains to JAE Corporation at January 1, Year 1: Common stock, $8 par, 11,000 shares authorized, 2,200 shares issued and outstanding Paid-in capital in excess of par,...
Group dynamics are important elements within the leading facet of the P-O-L-C framework. Discuss a time in your professional, school, or personal life when you experienced the Five Stages of Group...
In Exercises use integration tables to find or evaluate the integral. X x + 4x + 8 dx
From the choice of simple moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate? Why? please write it in word...
If a policy change causes a Pareto improvement, is the outcome necessarily Pareto efficient? If a situation is Pareto efficient, are Pareto improvements possible? If a change occurs that causes a...
Does a Pareto improvement necessarily pass the cost- benefit test? Is the converse true? Explain.
A town council is considering building a new bridge over a small river that runs through the town to reduce congestion on the existing bridge and reduce com-muting times. Each of 1,000 commuters who...
There is a credit rating agency for businesses that gives out various amounts of information based on the subscription level. This company is called a. Business Credit Scoring b. Fair Issue c. Dun...
Current Attempt in Progress On July 3 1 , 2 0 2 2 , Crane Compary had a cash balance per books of $ 6 , 2 4 5 . 0 0 . The statement from Dakata State Bark on that date showed a balance of $ 7 , 7 9 5...
Cede & Co. expects its EBIT to be $89,000 every year forever. The firm can borrow at 5 percent. Cede currently has no debt, and its cost of equity is 10 percent. If the tax rate is 35 percent, what...

What is the duopoly Nash-Cournot equilibrium if the market demand function is Q = 1,000 - 1,000p,

Question:

Step by Step Answer:

The inverse demand curve is p 1 0001Q The first firms profit is p 1 1 0001q 1 q 2 q 1 028q 1 Its ...View the full answer

Microeconomics

Students also viewed these Business questions