Question
There is one manufacturer & one distributor, which the MC of manufacturer is 3 and the MC of distributor is 1. Both manufacture and distributor
There is one manufacturer & one distributor, which the MC of manufacturer is 3 and the MC of distributor is 1.
Both manufacture and distributor are monopolies.
The demand curve of the distributor: QD (p) = 12 - p
What will the price and the quantity that the manufacturer & distributor choose?
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Macroeconomics
Authors: Charles I. Jones
4th Edition
393603767, 393603768, 9780393616125 , 978-0393603767
