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Q. "Given demand and supply function as 20 = Qd 3p/2 and 10 = Qs - P/2, find (1) Equilibrium price and quantity (2) show picture of your answer above (3) if government impose Tax of N2, what is new equilibrium price and quantity (4) what is burden share? "

Q. Supposes airline industry consisted of only two firms: American and Texas Air Corp. Let two firms have identical cost function, C(q) = 40q. Assume that demand curve for industry is given by P=100-Q and that each firm expects or to behave as a Cournot competitor.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9307811

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