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Consider Atlanta as an oligopoly market with five airlines that behave in a Cournot Model fashion.The Atlanta market demand schedule is: P = 400 -

Consider Atlanta as an oligopoly market with five airlines that behave in a Cournot Model fashion.The Atlanta market demand schedule is:

P = 400 - .5*Q.

The Cost schedule for Delta is:

MC=AC=Scomp=100.

The Cost schedule for the other four firms (United, Southwest, et al) is:

MC=AC=Scomp=60.

What is Delta's market share? Fill in the blank below with your answer.Your answer should be entered as a whole number such as 20 if the answer is 20.87%. That is, if you get a number such as 20.87% do not round or enter any decimal places, just enter 20 and nothing else for the answer.

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