Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

Three firms with identical marginal cost of 20 compete by choosing quantities where inverse demand is P = 100 - 5Q. What quantity does each

Three firms with identical marginal cost of 20 compete by choosing quantities where inverse demand is P = 100 - 5Q. What quantity does each firm produce?

a. 10

b. 4

c. firm 1 produces 12 and the other firms produce nothing

d. 5

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

Microeconomics

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

7th edition

8131725995, 8131725993, 978-8131725993

More Books

Students also viewed these Economics questions

Question

★★★★★

The Genetics and IVF Institute conducted clinical trial of the XSORT method designed to increase the probability of conceiving a girl. As of this writing, 945 babies were born to parents using the...

Answered: 1 week ago

Question

★★★★★

Why do organizations outsource functions?

Answered: 1 week ago

Question

★★★★★

5. Provide independent practice. Let students apply the new learning on their own, in seatwork, cooperative groups, or homework. The success rate during independent practice should be about 95%. The...

Answered: 1 week ago

Question

★★★★★

Cost estimation, incremental unit-time learning model Assume the same information for the Nautilus Company as in Problem 10-36 with one exception. This exception is that Nautilus uses a 90%...

Answered: 1 week ago

Question

★★★★★

A major benefit to the corporate form of business ownership is: limited personal liability restricted access to capital markets 'double' taxation difficulty in transferring ownership

Answered: 1 week ago

Question

★★★★★

Which of these situations would be considered a hostile work environment? The company refuses to adjust the air conditioning, resulting in temperatures that are sometimes uncomfortably cold or hot. A...

Answered: 1 week ago

Question

★★★★★

Which statement would be considered metacommunication? Question 8 options: "Please arrive at 9 a.m." "I appreciate your effort." "Free coffee is available in the lounge." "We encourage employees to...

Answered: 1 week ago

Question

★★★★★

M F M b h = A steel beam with a rectangular cross-sectional area has a height h 32 mm and breadth b = 16 mm. It has a through thickness crack of length a = 4 mm as shown in the figure. The fracture...

Answered: 1 week ago

Question

★★★★★

Determine the values of the variable for which the expression is defined as a real number. (Enter your answer using interval notation.) x-2x-35 Need Help? Read It 40. [-/1 Points] DETAILS SPRECALC7...

Answered: 1 week ago

Question

★★★★★

Provide 3 decimals for the final answer. Please show step by step solution. 6. Calculate the MA and output force of the brake pedal lever in the diagram. MASTER CYLINDER FULCRUM 3IN. Output Force = ?...

Answered: 1 week ago

Question

★★★★★

Support A is a pin. Support B is a roller. Each support can support a maximum of 9kN. Determine which support will fail first and at what value of w does this occur. HINT, create relationships of w...

Answered: 1 week ago

Question

★★★★★

DD VALUE 69 , PLEASE SHOW STEP BY STEP WORKING AND EXPLANATION Problem 3 - California COVID-lQ Data - Setup PREPARATION a) Find the last two digits of your student id number, call it DD. b) Calculate...

Answered: 1 week ago

Question

★★★★★

3. Imagine a communication situation at work or at home where you felt that you were locked (inflexible). Reflect on three alternative strategies that could have led to you becoming more flexible,...

Answered: 1 week ago

Question

★★★★★

4. In the next communication situation you are in, already think through three different communication strategies, which will make you achieve greater flexibility. Then practice on these as soon as...

Answered: 1 week ago

Question

★★★★★

2. Now imagine a real situation in your workplace or home situation where someone gives you feedback. a. Did you perceive the feedback as a hidden criticism? b. Did you perceive the feedback as a...

Answered: 1 week ago

Previous Question Next Question