Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

Consider a duopolistic market with an inverse demand curve P(Q)=8702Q. Firm 1 has a cost function givenas: Cq1=q21+10. Firm 2 has a cost function givenas:

Consider a duopolistic market with an inverse demand curve P(Q)=8702Q. Firm 1 has a cost function givenas: Cq1=q21+10. Firm 2 has a cost function givenas: Cq2=25q2. The firms are otherwise identical.

What is Firm2's production quantity if these two firms form acartel?

211.25

105.63

198.75

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Jeffrey M. Perloff

8th edition

134519531, 978-0134519531

More Books

Students also viewed these Economics questions

Question

★★★★★

Compare the following three types of controls: preventive, detective and corrective controls. Give two examples of each type of controls. Which of these types of controls will auditors usually focus...

Answered: 1 week ago

Question

★★★★★

17. HIPAA regulations, which were passed to primarily affect the portability of patients insurance, also impact the marketing activities and communications that can be conducted without a patients...

Answered: 1 week ago

Question

★★★★★

Investigate activities of forensic psychologists outside of assessment and treatment.

Answered: 1 week ago

Question

★★★★★

Paudel Limited has been in the retail business for many years and has reached its goal in securing a strong financial position. The board of directors decided that it is time to adopt a policy of...

Answered: 1 week ago

Question

★★★★★

5. In 2015, Solid Construction Co. (SCC) began work on a two-year fixed price contract project. SCC uses the percentage-of-completion method to account for such projects and provides you with the...

Answered: 1 week ago

Question

★★★★★

Your presentation (MS Word document) should provide ample detail and discussion of each changeover approach, at a level that will allow senior management to select the most appropriate approach for...

Answered: 1 week ago

Question

★★★★★

Answer the following grade 12 physics questions.1. An archer shoots an arrow at 120 m/s at an angle of 45.0 above the horizontal. Which statement is correct?- The magnitude of the vertical component...

Answered: 1 week ago

Question

★★★★★

A horizontal beam of length L is supported at each end (x = 0 and x = L), as shown below. Suppose an external vertical force F is applied to the beam at location a, where a is measured from the left...

Answered: 1 week ago

Question

★★★★★

2. Select a major decision of a company/organization you have worked for (e.g., new process, new product, new facility, etc) or research a major private decision (e.g., Deep Water Horizon, iPhone,...

Answered: 1 week ago

Question

★★★★★

Q21 (EC). 16.10. A test for extrasensory perception (ESP) involves asking a person to tell which of 5 shapes-a circle, star, triangle, diamond, or heart-appears on a hidden com- puter screen. On each...

Answered: 1 week ago

Question

★★★★★

Comprehensive Problem Hersheys Big Bang ERP Halloween is the biggest candy season of them all, with $1.8 billion in sales. For Hersheys, Halloween 1999 was the scariest of all time. Hersheys had...

Answered: 1 week ago

Question

★★★★★

Suppose Doug will live and work forever and the interest rate i is 10 percent. How can we get Doug to migrate? We will build this throughout the question. 1a. First, set the NP V to 0 and find the w...

Answered: 1 week ago

Question

★★★★★

5. Based on your desired future, answer the following questions: (a) What do you want, i.e. what goals have you set yourself? Set up three goals in order of priority. (b) Why do you want this? (c)...

Answered: 1 week ago

Question

★★★★★

1. Discuss the following statements: (a) Its what you are best at that will be your downfall. (b) How can we learn but not learn? (c) Learning to see is different from seeing. (d) Creativity is...

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: The trimming effect, vision, steady course paradox, bottom line, prisoners dilemma, social dilemma, CI strategy, CCI strategy,...

Answered: 1 week ago

Previous Question Next Question