Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

Solve for the Cournot-Nash equilibrium outputs for both firms. What is the market's total output? What is the market price at the equilibrium? How much

Solve for the Cournot-Nash equilibrium outputs for both firms. What is the market's total output? What is the market price at the equilibrium? How much profit does each firm earn? Show your work.

q1 = 100 - (100-1/2q1)

q1 = 100-50 + ()q1

()q1 = 50

q1* = 50(4/3)

q1* = 66 ()

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

Macroeconomics

Authors: N. Gregory Mankiw, William M. Scarth

5th Canadian Edition

1464168504, 978-1464168505

More Books

Students also viewed these Economics questions

Question

★★★★★

Heritage, Ltd., is a U.S. company doing business in 20 countries. Local exchange rates for U.S. $1 at year-end before the introduction of the Euro were The company's records indicate the following...

Answered: 1 week ago

Question

★★★★★

3. For a value of 5500 blood cultures, what is the (approximate) number of predicted MRSA bacteraemias? a) 100 b) 120 c) 140 d) 160 180 Number of MRSA bacieraemias by total positive blood cultures'...

Answered: 1 week ago

Question

★★★★★

List one of the facultys publications in APA style.

Answered: 1 week ago

Question

★★★★★

Define a structure chart in language that a non-IT person would understand easily. Also provide a step-by-step description of how to create a structure chart.

Answered: 1 week ago

Question

★★★★★

Buck & Company incurred the following costs during August: Raw materials purchased $ 42,990 Direct labor ($12.7 per hour) 56,261 Manufacturing overhead (actual) 90,330 Selling expenses 31,120...

Answered: 1 week ago

Question

★★★★★

Problem 1-42 (Algo) Cost Data for Managerial Purposes (L0 1-3) Campus Package Delivery (CPD) provides delivery services in and around Paradise. Its pro?ts have been declining, and management is...

Answered: 1 week ago

Question

★★★★★

PART I You own a T-shirt company that has done so well that the class has decided to expand its operations. You plan to open a store near campus, in competition with several other stores. You must...

Answered: 1 week ago

Question

★★★★★

PIZZA DELIVERY WITH UNMANNED DRONES In the summer of 2013, a Domino's franchise in the United Kingdom posted a video showing an unmanned drone delivering pizzas in the company's Heatwave bags. Was...

Answered: 1 week ago

Question

★★★★★

Case: Mumbai Dabbawalas (https://www.youtube.com/watch?v=Tds9Y4KIUKk) Then write short notes on the following Mission; Organisation; Management; Process; Culture; Distinctive Competence; Objectives...

Answered: 1 week ago

Question

★★★★★

Link: https://www.npr.org/2021/01/08/954760928/twitter-bans-president-trump-citing-risk-of-further-incitement-of-violence Please refer to the article (and events described within) linked above.After...

Answered: 1 week ago

Question

★★★★★

Watch the video " Salary Negotiations " on viddler.com. This video opens by citing a Salary.com statistic that predicts you could have lost out on $500,000 in salary by the age of 60 if you do not...

Answered: 1 week ago

Question

★★★★★

25 Scenario: Farm Country and Industry Country are two neighboring countries. Both countries produce only one good: good X. Production in both countries is a function of total efficiency units of...

Answered: 1 week ago

Question

★★★★★

7. As your starting point, take a discussion you have had with a person at your workplace. Answer the following questions: Answer the following questions: What did you want to achieve? How did you...

Answered: 1 week ago

Question

★★★★★

5. What does it mean when someone views it as important for their human dignity to maximize certain human values?

Answered: 1 week ago

Question

★★★★★

6. Based on the following distributional norms, discuss what you think should be the norms basis of your workplace / school. Prioritize the distribution norms as you think they should be used: a) It...

Answered: 1 week ago

Previous Question Next Question