Question given firms in a market face cq q232 and market, Ask an Expert

Economics

Question: Given Firms in a market face C(Q)= ((Q^2)/3)+2 and market Demand Q^D(P)= 60-p

- -Derive long run values Q* p* Q* n*

- Suppose only one firm faces the same cost and demand structures. What are the monopoly quantinties Pm Qm PiM

- Suppose there are two firms with identical cost and demand structures as above.

- Calculate Cournot Prices and Quantites Q₁c Q₂c Qc Pc Pi₁c Pi₂c.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92597768

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