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Alpha Inc. and Beta Corp. compete in the market for smallgoods (processed meats). The smallgoods produced by the two tirms are homogeneous, and the
Alpha Inc. and Beta Corp. compete in the market for smallgoods (processed meats). The smallgoods produced by the two tirms are homogeneous, and the tirms compete in Cournot (quantity) competitiom Inverse demand in the market tor smallgoods is given by the function, P 100 - 24 24 where QA is the quantity ot smallgoods produced by Alpha, and QB is the quantity ot smallgoods produced by Beta. Alpha Inc.'s marginal cost is MCA = $20, and Beta Corp.'s marginal cost is MCB = SIO- What is Beta Corp's profit function? Hint: Keep a record of your answer for use tn later questions Question 3 11B SO 1 pts o o o o 11B IOOQB 11B = 90QB - 11B = 80QB - QAQB 24 QAQB 24 QAQB 24 Q2B 24 Qi 24 Qi 24 QAQB 24 24
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