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Powerbank Co. has established a business to supply large-capacity battery to EV manufacturers. It demand and supply functions are P d = 20 - 0.05
Powerbank Co. has established a business to supply large-capacity battery to EV manufacturers. It demand and supply functions are Pd = 20 - 0.05 Qd Ps = 5 + 0.05 Qs
a Calculate the profit-maximising price and output if PowerBank enjoys an effective monopoly in the market
b Calculate the price and output if the competition makes the market become perfectly competitive
c Calculate the price and output if the supply continues to be competitive but Tesla becomes the only buyer of large-capacity car batteries in the market
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