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1. (20 total points) Suppose that the Market Demand for a good is given by P =112 3Q. For all of the following market structures,
1. (20 total points) Suppose that the Market Demand for a good is given by P =112 3Q. For all of the following market structures, assume that the Marginal Cost is constant and equal to 4 (MC = 4), and that there are no fixed costs. Please complete the following table: Cournot Duopoly Stackelberg Duopoly Market Quantity (Q) Consumer Surplus Producer Surplus Deadweight Loss
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