I if the inverse demand function is p175-3q where q is the, Ask an Expert

Economics

I. If the inverse demand function is P=175-3Q, where Q is the Quantity, P is the market price, and suppose the cost function is , i=1,2. Find:

1. Cournot quantity, price, consumer surplus, and each firm`s profit( Hint: two firms are operating in this market)?.

2. Stackelberg price, quantity, each firm`s profit:

a. If firm 1 leads firm 2?

b. If firm 2 leads firm 1?

3. Collusion price and quantity?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91845482

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