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Duopoly quantity-setting firms face the market demand HW Score: 42.86%, 3 of 7 points Part 1 of 4 O Points: 0 of 1 Duopoly quantity-setting
Duopoly quantity-setting firms face the market demand
HW Score: 42.86%, 3 of 7 points Part 1 of 4 O Points: 0 of 1 Duopoly quantity-setting firms face the market demand p =90 - Q. Each firm has a marginal cost of $15 per unit. What is the Cournot equilibrium? The Cournot equilibrium quantities for Firm 1 (q, ) and Firm 2 (92) are 91 units and 9, = units. (Enter numeric responses using real numbers rounded to two decimal places.)Question 6, Concept Question 5.2 HW Score: 42.86%, 3 of 7 points TO O Points: 0 of 1 Save Suppose identical price-setting duopoly firms have constant marginal costs of $10 per unit and no fixed costs. Consumers view the firms' products as perfect substitutes. The market demand is Q =200 - p. In Bertrand equilibrium, firm 1's price is $ and firm 2's price is $ . (Enter numeric responses using integers.)Question 7, Concept Question 3.2 5 HW Score: 42.86%, 3 of 7 points =R QO Points: 0 of 1 Determine the profit-maximizing prices when a firm faces two markets where the inverse demand curves are Market A: py =80-2Q,, where demand is less elastic, and Market B: pg =60-1Qg, where demand is more elastic, and Marginal Cost=m =40 for both markets. For Market A: py =$| . (Round your response to two decimal places.)Step by Step Solution
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