Question
Calculate the price and quantity an Airline would select if it were a Cournot Duopoly . TC = 10 + 3Q. Demand is P=20- Q
Calculate the price and quantity an Airline would select if it were a Cournot Duopoly.
TC = 10 + 3Q. Demand is P=20- Q
iWhat is price and quantity for the Cournot Duopoly? (0.25 points)
iiWhat is the profit for the Cournot Duopoly? (0.5 points)
iiiIn the event that N was 4 (where N is the number of firms), would the Profit be higher or lower than the Cournot Duopoly? (0.5 points)
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Industrial Relations in Canada
Authors: Fiona McQuarrie
4th Edition
978-1-118-8783, 1118878396, 9781119050599 , 978-1118878392
